BC Webinar - Going Concern: What’s Changing?
About
Going concern remains a highly scrutinised audit area. ASA 570 (Revised) strengthens requirements for evaluating management’s assessment, identifying risks, challenging assumptions, obtaining audit evidence and communicating conclusions.
This practical 90-minute webinar explains the changes and their effect on audit planning, risk assessment, procedures, scepticism, documentation and reporting.
What You’ll Learn:
- Why ASA 570 was revised and the principal changes
- Strengthen risk assessment and evaluate management’s process
- Challenge forecasts, assumptions, management plans and contradictory evidence
- Respond to events or conditions and assess material uncertainty
- Address disclosures, auditor reporting, communication and documentation
- Practical actions firms and engagement teams should take
Who Should Attend:
- Audit partners, managers and supervisors
- Audit seniors, professional staff and engagement quality reviewers
- Technical, quality, methodology and implementation teams
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