Survival Course for Auditors—Auditing Going Concern
About
Reduce the cost of errors and the risk of material misstatements with this interactive, on-demand course focused on ASA 570 Going Concern and AASB 101 Presentation of Financial Statements.
You’ll learn how to identify, assess, and respond to going concern risks — from evaluating management’s assessment to forming the appropriate audit opinion.
By the end of the course, you’ll be able to confidently assess an entity’s ability to continue as a going concern, recognise red flags, and ensure accurate and compliant financial reporting in accordance with auditing and accounting standards.
What You’ll Learn:
- Understanding and applying ASA 570 and AASB 101
- Performing risk assessment procedures and evaluating management’s assessment
- Identifying signs of financial distress and liquidation risk
- Evaluating material uncertainty and forming audit opinions
- Addressing loan covenant breaches and classification issues
- Common pitfalls in auditing going concern
- Considering subsequent events in the going concern assessment
Duration: 2 hours
Who Should Attend:
Auditing professionals involved in assessing going concern assumptions or reviewing financial statements under ASA 570 and AASB 101.
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Access
iSpring log in and enrolment details will be sent from Basford Consulting Training within 24 hours after purchase.
