Webinar

Surgent's Going Concern Accounting and Reporting Considerations

Monday, April 28, 2025
2-4 p.m. Central
2 CPE (2 technical)

Course code: 25WS-0084
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Online registration is not available due to server maintenance. Please call 952-831-2707 between 7:30 a.m. and 4:30 p.m. Central to register.

This course will review the relevant considerations related to going concern, including assessing when substantial doubt concerning an entity's ability to continue as a going concern exists, management mitigation efforts, and required disclosures both when management, and the accountant, feel such efforts will be effective in mitigating the risk, as well as when they do not. Lastly, we'll consider the accountant's reporting responsibilities under various scopes of services in various scenarios and how to audit this often-contentious topic.

Major subjects

Current FASB accounting standards related to going concern, including the new requirements of ASU 2014-15
Evaluating risk of material misstatement in financial reports related to improper presentation and disclosure of going concern uncertainty
The responsibility of an independent accountant for evaluating going concern uncertainty under various levels of engagement to perform attest and nonattest services
New requirements of SAS No. 132 and SSARS No. 24 related to an auditor's responsibility for considering going concern uncertainty?

Learning objectives

Differentiate between the external accountant's and management's responsibility related to identifying, evaluating, presenting, and disclosing going concern uncertainty
Discuss how to obtain sufficient appropriate evidence to evaluate management's assertions about an entity's ability to continue as a going concern for a reasonable period of time
Describe the independent accountant's reporting options under applicable auditing and other professional services standards when uncertainty associated with going concern exists

Who should take this program?

Accounting and auditing practitioners assisting in the preparation of financial statements

Pricing

Standard Member Fee	$119.00
Standard Nonmember Fee	$119.00

Our records indicate you are a nonmember. If you register, you will be charged $119.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

Online registration is not available due to server maintenance. Please call 952-831-2707 between 7:30 a.m. and 4:30 p.m. Central to register.