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Surgent's Going Concern Issues in Audits, Reviews and Compilations (AAGC)
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One objective of financial reporting is to ensure that financial statement users have complete information to make reasonable financial decisions, including the likelihood and magnitude of future events and outcomes on the uncertainty of current financial picture. This course will focus on going concern issues relevant to compilations, reviews and audits.

6/10/2016
When: 8:00 AM - 10:00 AM
Where: Webinar/Webcast
United States
Contact: April Deneault
801-466-8022


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Acronym AAGC
CPE 2 hours
Category
Accounting (2)
Level Basic
Vendor Surgent
Who should attend

Practicing CPAs and accounting professionals in business and industry that prepare, review or audit financial statements

Prerequisite
Basic understanding of U.S. generally accepted accounting principles
Fees: Early Bird
Standard
Member N/A
$89
Non-Member: N/A
$109

The Member rate applies to UACPA members and reciprocal state society members. To register online, use the ‘Register’ button above. To register by phone, call the UACPA at 801.466.8022, Monday through Friday, 8am to 4pm.

Description 
One objective of financial reporting is to ensure that financial statement users have complete information to make reasonable financial decisions, including the likelihood and magnitude of future events and outcomes on the uncertainty of current financial picture. This course will focus on going concern issues relevant to compilations, reviews and audits.

 

Major Topics

  • Current FASB accounting standards related to going concern.
  • Evaluate risk of material misstatement in financial reports related to improper presentation and disclosure of going concern uncertainty.

Objectives

  • Discuss red flags indicating possible going concern uncertainty.
  • Describe account's opinions under compilations, reviews and audits when uncertainty associated with going concerns exists.
  • Differentiate between the external accountant's and management's responsibility related to identifying, evaluating, presenting and disclosing going concern uncertainty.

 

 

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