Auditing consolidated accounts under French GAAP
  • Accounts quality - Know how to justify and assess the accounts' quality
  • Audit and control - Auditing consolidated accounts under IFRS and French GAAP. Performing a quality audit. Auditing Internal Control
  • Consolidation scope - Consolidation scope - First consolidation - Goodwill – Control - Minority interests
  • Consolidation under French GAAP - Consolidation under French GAAP
  • Financial statements and notes - Know the balance sheet, the income statement, the cash flow statement, the statement of changes in shareholders' equity, the OIC, the notes.
  • Operational flows and processes -

Target audience

- Accounting managers
- Auditeurs internes
- Chartered Accountants, Statutory Auditors
- Consolidation and Accounting Directors
- Consolidators
- Financial managers

2 day


This training does not require any particular prerequisite.


– Know the requirements for auditing consolidated financial statements and notes under French GAAP
– Be able to assess the reliability of the consolidation process
– Know and understand the key controls allowing to ensure the correct performance of the consolidation process and to detect potential irregularities
– Master the impacts of the changes in the scope of consolidation according to French GAAP (CRC 99-02)

Detailed content

> Brief overview of the legal and regulatory framework

– French regulation (CRC 99-02 and 2005) and European directives
– French regulations 2015-06 and 2015-07: business asset and goodwill
– Certification and publication of consolidated accounts

> Assessing the consolidation process

– Assessing the internal organization: skills of the consolidation department, communication and diffusion of group procedures, use of sub-groups…
– Understanding IT specificities and linking them to the audit trail: structure of the reporting pack, data sources, automated processes

> Auditing the consolidation process

– Validating the scope of consolidation
– Auditing consolidation adjustments to get to group financial statements
• Compulsory/recommended/optional adjustments
• Checking opening balances
• Deferred tax: tax proof as a checking tool
– How to use the statement of changes in shareholders’ equity to validate the elimination of shares and the correct allocation of shareholders’ equity

> Specific tasks required when acquiring or disposing of subsidiaries shares

– Documentation to obtain and check
– Determining and allocating goodwill and subsequent follow-up
– Accounting for disposals, impacts on P/L

> Other tasks to perform

– Cash flow statement audit
– Detailed review of the disclosures
– Related parties: analyzing agreements and transactions
– Formalizing the audit work file and the permanent file

Why should you attend?

NEP 600 addresses the audit of consolidated accounts. This audit standard proposes an approach for determining and documenting the scope of audit work on consolidated accounts.
This training allows you to perform a comprehensive review of the audit techniques required to ensure and validate the consolidation process from statutory to consolidated accounts.
It will give you precious indications to assess internal control and to perform appropriate substantive tests.

Training methods and evaluation

Presentation supported by immediate application of the topics covered: exercises and case studies performed during the session.
Numerous real-life illustrations drawn from recent publications.
Assessment questionnaire.
A training certificate is delivered at the end of the session.

The trainer is available by e-mail to answer any follow-up questions participants may have.


1 840 € Excl. VAT – 2 208 € Incl. VAT



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Jonathan C.