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• M24090 - The distinguishing characteristics of the iGaming Industry: An accountancy perspective (Online)

  • When
    27 Sep 2024
  •  
    09:15 - 12:30
  • Location
    Online Webinar

  Register

  Registration Time: 09:00
  Sessions Time: 09:15- 12:30  including a 15-minute break
  Speaker: Mr Mark Dalli

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  *Group bookings for 3 or more participants available.

  BACKGROUND INFORMATION

  The session will start by looking at the revenue generation process within iGaming entities from the point at which revenue is generated on the underlying IT platform, until the point when the respective revenue is recorded in the underlying accounting software. A typical IT system with the different layers involved will also be illustrated as part of this session. The session will then also look at the main reconciliations being made in the process by different teams within an iGaming entity and how these in turn feed into the accounting process.
  The second part of the session will then focus on the specific accounting treatment for a number of account balances such as revenue, revenue share agreements, jackpots, security deposits and cash and cash equivalents, intangible assets,  player funds and open bets, provisions, contingent liabilities, and commitments.

  Specific topics to be covered during the session

  • Example of a typical iGaming Finance Function and how it interacts with other functions within the iGaming business

  • Example of a typical IT System including the different IT layers involved

  • Examples of the process (and typical reports and reconciliations)  involved from the point when the revenue is generated on the IT platform, up till the point when the revenue is recorded in the accounting system

  • IFRS accounting treatment for revenue, revenue share agreements, jackpots, security deposits, cash and cash equivalents, intangible assets,  player funds and open bets, provisions, contingent liabilities, and commitments, and how these are reflected in the financial statements.

  WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

  Following this session, participants should have a broader understanding and appreciation of the revenue generation process within iGaming entities and how this translates into the underlying accounting system. Participants engaged in the preparation and reviewing of financial statements of iGaming entities should have a wider and deeper appreciation of the more salient features and contents in the  financial statements of iGaming entities.

  Target Audience

  This session is particularly suited for accounting professionals already working within the iGaming Industry or aspiring to work within the finance functions of iGaming entities. Accounting and other professionals working in other industries that service the iGaming industry and/or make use of the financial statements of such entities will also find this course useful.   

  Speaker Profile

  Mark Dalli is an audit director working at KPMG Malta.  Since joining KPMG back in 2009 he has worked within the respective audit functions in Malta, Luxembourg and Toronto. During these years, he has accumulated wealth of experiences from the audits of several group structures, some of which are also listed on stock exchanges. Mark also participates in the Malta Institute of Accountants iGaming Committee and delivers external training through the Malta Institute of Accountants and the KPMG Learning Academy.
  Through the assistance of a specialised group of audit professionals, he now services several clients operating in the iGaming and Technology spheres, particularly, developers and providers of platform, other software and games, online and land-based game providers, as well of other entities involved in the digital and affiliate marketing space. Many of these entities are among the largest players in this sector across the globe.

  EVENT CPE COMPETENCies

  3  Core

  
  

  WEBINARS TERMS AND CONDITIONS

  Terms and conditions  apply

  
  

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.

  Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.

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• M24102 - An Overview of International Standard on Review Engagements 2400 (Revised), Engagements to Review Historical Financial Statements (Online)

  • When
    18 Nov 2024
  •  
    14:00 - 16:00
  • Location
    Online Webinar

  Register

  Registration Time:13:45
  Sessions Time: 14:00 -  16:00  No Break
  Speakers: Ms Janis Hyzler & Ms Joanne  Saliba
  Venue:   Online Webinar

  
  

  Participation Fees 
  MIA Members: €28

  Non-MIA Members: €50.00

  Retired Members: €15.00

  Students: €20.00

  *Group bookings for 3 or more participants available.

  
  

  BACKGROUND INFORMATION

  This session will explore the objectives of a review engagement carried out in line with the International Standard on Review Engagements (ISRE) 2400 (Revised) and what needs to be accomplished by the auditor during the course of such review engagement.
  Representatives of the Audit and Assurance Standards Working Group falling under the remit of the Audit and Assurance Committee will delve into the letter of engagement to be issued in respect of an ISRE 2400 (Revised) engagement and salient requirements related to the different stages of a review engagement, including the type of reporting under ISRE 2400 (Revised). During the course of the session, speakers will also share practical considerations.

  SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

  • Scope of ISRE 2400 (Revised)

  • Objectives of a review engagement in line with ISRE 2400 (Revised)

  • Overview of the different stages of a review engagement process in line with ISRE 2400 (Revised)

  Why is the session of relevance to our members?

  Members will enhance their understanding of how to carry out a review engagement in line with ISRE 2400 (Revised).
  Non-members will obtain a better understanding of the objective and requirements of ISRE 2400 (Revised), and the work that an auditor carries out during the course of a review engagement.

  Target Audience

  Auditors, accountants and business owners.

  Speakers' Profiles

  Janis Hyzler is a Certified Public Accountant and Registered Auditor, specializing mainly in audit and accounting. She became a member of the Malta Institute of Accountants in 2011.
  Janis graduated from the University of Malta with a degree in Bachelor of Commerce in 2008 and a degree in Bachelor of Accountancy (Honours) in 2010. She spent the first five years working within the audit service line of one of the Big 4 audit firms in Malta, also gaining overseas experience in Italy, Minneapolis, Philadelphia and Sydney, while working on a number of different industries.
  Janis joined Mint Finance in 2018, an accounting and audit firm that merged with Zampa Debattista on 1 January 2022. She currently heads the technical and quality team at Zampa Debattista.

  Joanne Saliba brings over 20 years of expertise in auditing and financial oversight. She joined PwC Malta’s assurance division in 2002 after obtaining an honours degree in Accountancy from the University of Malta. She is a fellow member of the Malta Institute of Accountants, a Certified Public Accountant, and holds a practising certificate in auditing.
  Joanne has successfully led audit teams on a wide range of complex projects, fostering a culture of collaboration and innovation. Her leadership has spanned diverse sectors, with a particular focus on asset management. Since 2006, she has specialised exclusively in investment management, working with both local and international clients, including collective investment schemes and investment service providers.
  Her international experience includes audit secondments to PwC offices in Washington and Milan, adding to her extensive knowledge and expertise in the field.

  EVeNT CPE COMPETENCies

  2 Core

  WEBINARS TERMS AND CONDITIONS

  Terms and conditions  apply

  
  

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.

  Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.

  Show details