January 28, 2025

Webinar

2 CPE

Webinar (CPA Crossings): Audit 407: Auditing Contingencies and Going Concern 🗓️

January 28, 2025
Webinar
2 CPE

Webinar (CPA Crossings): Audit 407: Auditing Contingencies and Going Concern 🗓️

  • Instructor

    Jennifer
    Louis

  • 🗓️ View additional dates for this course

    Auditing Contingencies and Going Concern Uncertainty
  • Testing for Completeness and Proper Disclosure will provide tips and techniques for obtaining sufficient appropriate audit evidence to support conclusions related to contingencies and going concern uncertainty. Financial statements may contain significant uncertainties requiring special audit consideration for evaluating proper accounting and financial reporting treatment. Note: This course is recommended as a part of a 16-hour audit skills curriculum for supervisory or managerial auditors, while it is also appropriate for anyone who has responsibilities for evaluating loss contingencies and substantial doubt about going concern. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

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

2 CPE
2
Auditing

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Accounting & Auditing

Prerequisites

None

Advanced Preparation

This webinar is produced by CPA Crossings. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

Accountants responsible for auditing contingencies and going concern uncertainties

Provider

CPA Crossings, LLC

This event has ended.