CONTACT THE BUSINESS LEARNING INSTITUTE
Name*
Email Address*
Phone Number:
Message:
Please enter the following text in the box below:
captcha
ADDRESS: 901 Dulaney Valley Road, Suite 800
Towson, MD 21204
PHONE: 888-481-3500
FOLLOW BLI:
New Required Going Concern Disclosure Evaluating the Impact on Preparing Financial Statements, Compilations, Reviews and AuditsCOURSE ID: RGCD
DESCRIPTION

ASU 2014-15 explicitly requires management to assess an entity’s ability to continue as a going concern when preparing and fairly presenting F/S. This course will provide practical insights into the new going concern evaluation and disclosure requirements under U.S. GAAP, generally accepted accounting standards, and the SSARS.

DESIGNED FOR: Public and industry accountants responsible for monitoring whether disclosures are fairly presentedFIELD OF STUDY: AccountingLEVEL: BasicPREREQUISITES: NoneCOURSE PRODUCER: Business Learning InstituteCREDITS: 2.0OBJECTIVES:
  • Describe the significant differences between current practice and the new U.S. GAAP requirements
  • Explain the impact on preparing financial statements and attest services, including SAS No. 132
  • Apply illustrative examples of evaluating management’s plans and intentions in alleviating any substantial doubt about the entity’s ability to continue as a going concern
HIGHLIGHTS:

* Describe management’s responsibility in identifying an entity’s ability to continue as a going concern for a reasonable period of time
* Defining the required look forward period under various professional and technical standards
* Illustrative examples of the three types of disclosures that may be relevant in the circumstances
* Techniques to challenge the reasonableness of management’s assertions about plans and intentions to alleviate any substantial doubt identified
* Impact on various attest reports, including compilations, reviews and audits

Download the 2016 Business Learning Institute Course Catalog DOWNLOAD PDF
Business Learning Institute - Course Catalog
SUBSCRIBE TO THE BLI BLOG