Financial statements may contain significant uncertainties requiring special audit consideration for evaluating proper accounting and financial reporting treatment. This audit CPE course provides tips and techniques for obtaining sufficient appropriate audit evidence to support conclusions related to contingencies and going concern uncertainty.
Learning Objectives
Upon completion of this course, participants will be able to:
Recall accounting and auditing requirements for commitments and contingencies
Recognize litigation, claims and assessment special considerations
Explain the auditor's responsibility for evaluating the appropriateness of going concern accounting and disclosure
