IBA Centre for Excellence in Islamic Finance, IBA CEIF, is offering a three month certificate course in Islamic Financial Reporting and Auditing (CIFRA). The course is based on the AAOIFI CIPA syllabus and is designed to provide an in depth knowledge of Auditing and Financial reporting for Islamic Finance Professionals. The course will mainly cover the Auditing and Accounting section of the CIPA program as well concisely touch upon the BRE and SS/SG modules. The course will be conducted by Industry experts & this would also help for CIPA exam. The participants of the course will be eligible for discounts on the CIPA Exam conducted by AAOIFI.

Financial Accounting and Reporting - (FAR)

• Islamic Financial System and Reporting Framework
• Accounting Framework and General Presentation and Disclosure
• Murabaha
• Salam and Istisna'a
• Ijarah and Ijarah Muntahia Bittamleek
• Musharakah and Mudarabah
• Investment in Real Estate
• Investment in Associates and Subsidiary
• Investment in Securities
• Investment Accounts
• Investment Fund Accounting
• Islamic Insurance
• Zakat
• Other Standards

Audit, Assurance, and Ethics - (AAE)

• Code of Ethics for Professional Accountants and Auditors
• Introduction and Objectives of an Audit
• Internal Audit
• Types of Assurance
• Client Acceptance and Continuance
• Audit Strategy and Planning
• Risk Assessment
• Audit Evidence
• Using the Work of an Expert
• Other Audit Services

• Shariah Compliance / Review Officers
• Accountants and Auditors
• Shari'ah Auditors
• Islamic finance practitioners, bankers, and professionalss
• Undergraduate or graduate students aspiring for an accounting career in Islamic banks