Webinar

Audit 407: Auditing Contingencies and Going Concern

Friday, April 25, 2025
10 a.m.-noon Central
2 CPE (2 technical)

Course code: 25WX-0316
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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. Note: This course is recommended as a part of a 16-hour audit skills curriculum for supervisory or managerial auditors, while it is also appropriate for anyone who has responsibilities for evaluating loss contingencies and substantial doubt about going concern. 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

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

Standard Member Fee	$89.00
Standard Nonmember Fee	$89.00

Our records indicate you are a nonmember. If you register, you will be charged $89.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

Firm administrators: Please log in before starting the employee registration process.