CPE Course Surgent's Going Concern Uncertainty: Complying with the New Requirements When Preparing or Reporting on Financial Statements (AAGC)

March 11, 2021

10:00AM — 12:00PM

Location Webinar

Member Price $89.00
Non-member Price $119.00

Curriculum Accounting & Audit

Field of Interest

Level Beginning

Designed For

Practicing CPAs and accounting professionals in business and industry that prepare, compile, review or audit financial statements

Objective

  • Discuss red flags indicating possible going concern uncertainty
  • Differentiate between the external accountant’s and management’s responsibility related to identifying, evaluating, presenting and disclosing going concern uncertainty
  • Discuss how to obtain sufficient appropriate evidence to evaluate management’s assertions about an entity’s ability to continue as a going concern for a reasonable period of time
  • Describe the independent accountant’s report options under preparation of financial statement, compilation, review and audit engagements when uncertainty associated with going concern exists

Highlights

  • Current FASB accounting standards related to going concern, including the new requirements of ASU 2014-15
  • Evaluating risk of material misstatement in financial reports related to improper presentation and disclosure of going concern uncertainty
  • The responsibility of an independent accountant for evaluating going concern uncertainty under various levels of engagement to perform attest and nonattest services
  • New requirements of SAS No. 132 related to an auditor’s responsibility for considering going concern uncertainty 

Instructors

Prerequisites

Basic understanding of U.S. generally accepted accounting principles

Developer

Surgent McCoy CPE, LLC

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