Self-Study

Effective Techniques for Auditing Contingencies and Going Concern

  • Wednesday, May 1, 2024 – Wednesday, April 30, 2025

  • 2.00
    CREDITS
    Auditing

In these rapidly changing times, an entity may experience significant uncertainties. This is especially true at this time due to issues entities have experienced as a result of the pandemic declared in March 2020 which are still ongoing for many. New accounting principles issued by the FASB are requiring more estimates which could give rise to significant uncertainties. A primary focus right now for management is the requirement to evaluate entity's ability to remain a going concern. In addition, new audit standards, effective for calendar year end 2021 audits. This module provides tips and techniques for obtaining the audit evidence needed to support conclusions on contingencies and going concern. These issues require disclosure and may result in accruals. (Please Note: This module is part of Surgent's Audit Skills Training: Level 3.)

Objectives

Highlights

Additional Information

Designed For

Accountants responsible for auditing contingencies and going concern uncertainties

Vendor

Surgent

Advanced Preparation

None

Credits

2.00 Auditing

Prerequisite

None

Course Number

2432570

Level of Knowledge

Basic

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