CPD Sorted Bookit

Impact of US tariffs on Financial Reporting

Venue

Online Live Stream

Date

Tuesday 8th July 2025

Time

09:00 - 12:00 GMT+2

Information

This course explores the financial reporting implications of U.S. tariff policies within the framework of International Financial Reporting Standards (IFRS). Participants will analyse how increased import costs due to tariffs affect the measurement and recognition of inventory under IAS 2 including implications for cost assumptions and net realisable value assessments. The course will also examine how changes in trade policy and economic uncertainty may trigger asset impairment indicators under IAS 36 requiring reassessments of recoverable amounts. In addition participants will explore enhanced disclosure obligations under IAS 1 and IFRS 7 focusing on how to communicate the financial risks and judgments associated with tariffs to stakeholders. Examples and case studies will be used to demonstrate practical applications and reporting strategies.

Presenter

Blaise Colyvas

Blaise has 10 years of experience in public practice. During this time he has worked at Grant Thornton as an audit manager, Gobodo Incorporated as a senior manager in their technical standards division, Protect a Partner International as Head of Accounting and Technical Excellence and most recently as a technical director at W.Consulting. His areas of expertise include, International Financial Reporting Standards (IFRS), IFRS for SMEs, Generally Recognised Accounting Practice (GRAP) and ISA (International Auditing Standards).

He provides technical consulting services and training to the firm's clients on these frameworks. He is an active member of the Accounting Standards Board’s Public Sector Accounting Forum (previously the SAICA Public Sector Technical Forum) and has served on various sub-committees of the Accounting Practices Committee of SAICA and the ASB. He is also a Registered Auditor and member of the Independent Regulatory Board of Auditors, and a registered Skills Assessor. He is a co-author of the publication Wiley Interpretation and Application of International Financial Reporting Standards 2011 and 2012.

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CPD Units

3 Hours verifiable CPD on full attendance

Price

R 500

Booking Deadline

Tuesday 8th July 2025