Surgent's Auditing Contingencies and Going Concern (Audit Skills Training - Level 5) (Self-Study)
Valid for one year from purchase date
Auditing - Technical (3.0)
Standard member fee
Standard nonmember fee
to receive member fee.
Financial statements may contain significant uncertainties requiring special audit consideration for evaluating proper treatment in accordance with generally accepted accounting principles and relevant auditing standards. This module provides tips and techniques for obtaining sufficient appropriate audit evidence to support conclusions.
Who should take this program?
Accountants responsible for auditing contingencies and going concern uncertainties
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
Describe accounting and auditing requirements for commitments and contingencies
Discuss litigation, claims and assessment special considerations
Explain the auditor's responsibility for evaluating the appropriateness of going concern accounting and disclosure
NASBA ID#: 103212
Experience on complex audit engagements