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21WX-3132: COVID-19: Financial Statement & Disclosure (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Thursday, March 3, 2022
10:00am - 12:00pm Central Time
2 CPE (2 technical)

This webinar is one in a series providing cutting-edge insight on the impact of the COVID-19 pandemic on accounting and audits. Allison Henry, CPA, CGMA, PICPA's vice president of professional and technical standards, will discuss the key standards and considerations related to preparing and reviewing financial statements and disclosures. Auditors and auditees will benefit from the depth and practical applications Allison will cover and look at how the work of CPAs will change during and after the coronavirus outbreak. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Major subjects

  • The major topics that will be covered in this class include:
  • COVID-19 impact on the economy, businesses, financial statements and audit engagements
  • Financial statement implications, including revenue recognition challenges, lease accounting and modification, debt and related issues, CECL for non-financial service companies, equity investments and more
  • Evaluating going concern analysis, liquidation of basis accounting, subsequent events, and more

Learning objective(s)

  • Recognize factors where there can be financial statement implications including inventory valuation, accounts receivable and collectability, ASC 606, valuation of assets, change in accounting estimates, debt covenant violations, etc.
  • Identify red flags with respect to going concern evaluations and analyze effects of the outbreak
  • Use liquidation basis of accounting when liquidation is imminent
  • Identify subsequent events and determine if disclosures are required
  • Determine the impact on audit engagements pertaining to the nature of the engagement, deadlines, appropriateness of financial reporting framework, risk assessment, fraud risk considerations and additional challenges due to remote work environment

Who should take this program?

CPAs in public practice and members in industry

Fees

Our records indicate you are a nonmember. If you register, you will be charged $79.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $79.00
checkmark Standard Nonmember Fee $79.00

More program information

Location Online
Area
of study
Accounting & audit
Field(s)
of study
Auditing - Technical (2.0)
Level Intermediate
Format Group Internet Based
Sponsor CPA Crossings, LLC
NASBA ID#: 108744
Prerequisites Prereq. General knowledge of auditing
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.