Look at the bigger picture of auditing.
Learning Objectives
Determine the important accounting considerations for contingent liabilities and going concern.;Identify basic processes, controls, and audit procedures over the contingent liabilities and identify weaknesses and possible solutions.;Identify the requirements under AU-C section 570, The Auditors Consideration of an Entity's Ability to Continue as a Going Concern.'
Major Topics
Auditing contingent liabilities;Liquidation basis of accounting;Auditing going concern
