November 29, 2022


Webinar


2 Total CPE Credits

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Surgent's Going Concern Accounting and Reporting Considerations in the COVID-19 Environment

Learning Objectives

  • Discuss red flags indicating possible going concern uncertainty in the COVID-19 environment
  • 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 reporting options under applicable auditing and other professional services standards when uncertainty associated with going concern exists

Major Topics

  • 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 and SSARS No. 24 related to an auditor’s responsibility for considering going concern uncertainty?

CPE Credits Available

2
Total CPE
2
Accounting & Auditing

Things to Know About This Course

Course Level

  • Intermediate

Prerequisites

Experience in accounting and auditing

Advanced Preparation

None

Intended Audience

Accounting and auditing practitioners assisting in the preparation of financial statements

Provider

Surgent McCoy CPE

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