April 23, 2024


2 Total CPE Credits


Audit 407: Auditing Contingencies and Going Concern

  • Instructor

    Jennifer Louis

Learning Objectives

After attending this presentation, you will be able to...

  • Recognize accounting and auditing requirements for commitments and contingencies
  • Identify litigation, claims and assessment special considerations
  • Recall the auditor's responsibility for evaluating the appropriateness of going concern accounting and disclosure

Major Topics

The major topics covered in this course include:
  • Overview of contingencies and related disclosures
  • Identifying and determining proper accounting treatment for litigation, claims and assessments
  • Evaluating the sufficiency of attorney's letter responses for audit evidence
  • Evaluating substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time
  • Auditing managements assumptions in making the going concern evaluation
  • Proper application of the liquidation basis of accounting

CPE Credits Available

Total CPE

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • A&A

Advanced Preparation


Intended Audience

Accountants responsible for auditing contingencies and going concern uncertainties


CPA Crossings

Register For This Event

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    $ 89 89
  • ASCPA Non-Member

    $ 139 139
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