On-Demand


2 CPE

Auditing Contingencies and Going Concern Uncertainty – Testing for Completeness and Proper Disclosure

On-Demand
2 CPE

Learning Objectives

  • 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

  • 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
  • Accounting & Auditing
  • Accounting and Auditing

Prerequisites

None

Advanced Preparation

None

Intended Audience

Accountants responsible for auditing contingencies and going concern uncertainties

Provider

CPA Crossings

Purchase This Course

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  • MACPA Non-Member

    $ 110 110
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