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Webcast:  New Required Going Concern Disclosure: Evaluating the Impact on Preparing Financial Statements, Compilations, Reviews and AuditsWebcast: New Required Going Concern Disclosure: Evaluating the Impact on Preparing Financial Statements, Compilations, Reviews and Audits

$75.00 (USD)

ASU 2014-15 explicitly requires management to assess an entity’s ability to continue as a going concern when preparing and fairly presenting F/S. This course will provide practical insights into the new going concern evaluation and disclosure requirements under U.S. GAAP, generally accepted auditing standards, and the SSARS.

Credits: 2
Estimated Length: 2 hour(s)
Valid for: 12 Month(s)

Lessons

Name View Schedule
Web Meeting1. New Required Going Concern Disclosure: Evaluating the Impact on Preparing Financial Statements, Compilations, Reviews and Audits View Schedule

Objectives

Upon completion of this webcast, participants will be able to:
  • Describe the significant differences between current practice and the new U.S. GAAP requirements
  • Identify the impact on preparing financial statements and attest services, including SAS No. 132
  • Apply illustrative examples of evaluating management’s plans and intentions in alleviating any substantial doubt about the entity’s ability to continue as a going concern
MAJOR TOPICS
  • Describe management’s responsibility in identifying an entity’s ability to continue as a going concern for a reasonable period of time
  • Defining the required look forward period under various professional and technical standards
  • Illustrative examples of the three types of disclosures that may be relevant in the circumstances
  • Techniques to challenge the reasonableness of management’s assertions about plans and intentions to alleviate any substantial doubt identified
  • Impact on various attest reports, including compilations, reviews and audits
CPE FIELD OF STUDY
  • Accounting (2.0 Credits)
WHO SHOULD ATTEND
  • Public and industry accountants responsible for monitoring whether disclosures are fairly presented
INSTRUCTOR(S)
  • Jennifer Louis
COURSE LEVEL
  • Basic
LOCATION
  • Online Webcast

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Jennifer's Biography:

Jennifer F. Louis, CPA has over 22 years of experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003 she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering high-quality, practical and engaging accounting and auditing training.

She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm. Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor. Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. She currently resides in Vienna, VA.

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