Description
Look at the bigger picture of auditing.
Designed For
- Experienced staff
- New in-charge auditors
- Firms that want consistent training and level setting
Objectives
- Determine the important accounting considerations for contingent liabilities and going concern.
- Identify basic processes, controls, and audit procedures over the contingent liabilities and identify weaknesses and possible solutions.
- Identify the requirements under AU-C section 570, The Auditors Consideration of an Entity's Ability to Continue as a Going Concern.'
Highlights
- Auditing contingent liabilities
- Liquidation basis of accounting
- Auditing going concern