Self-Study

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

---

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.

Major subjects

• 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

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

Who should take this program?

• Accountants responsible for auditing contingencies and going concern uncertainties

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $58.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

---

Related programs

Jan. 23, 2025 | Audit 401: Critical Traits of a Thinking Auditor | Webinar

Jan. 23, 2025 | Use of Technology in an Audit of Financial Statements: Risk Assessment | Webinar

Jan. 24, 2025 | Audit 404: Maximizing Analytic Procedure Evidence on Audits | Webinar

Jan. 24, 2025 | Internal Control: Understanding and Testing | Webinar

Jan. 25, 2025 | A Guide to Sampling: Part 2 | Webinar

---

Related products

Financial Statement Shenanigans | Self-Study (On-Demand)

Common Findings in Single Audits | Self-Study (On-Demand)

AICPA Audit Quality Update and Quality Management Standards | Self-Study (On-Demand)

Surgent's A Practical Guide to Auditing Cash and Cash Equivalents | Self-Study (On-Demand)

Surgent's Auditing Property, Plant & Equipment | Self-Study (On-Demand)

---