Course Individually
Course Description
Auditing - Ability to Continue as a Going Concern is a CPE webinar that will review the auditor’s responsibility in evaluating an entity’s ability to continue as a going concern. This webinar will review the procedures that may identify conditions and events which may indicate there could be substantial doubt and outline what the auditor should document in these cases. This webinar will review circumstances in which an auditor may express a qualified versus an unqualified opinion. This webinar will discuss the factors related to the principal auditor’s decision to make or not make reference to another auditor and the necessary procedures in either case. Finally, this webinar will review several questions and interpretations within the scope of SAS No. 64.
We provide a Subject Matter Expert (SME) to answer any questions you may have during this session. SMEs are available from 8am to 7:30pm Central Time. This course should only be taken during SME hours.
Learning Objectives
At the end of this webinar, students will be able to:
- Identify the auditor’s responsibility in evaluating an entity’s ability to continue as a going concern.
- Identify conditions and events which may indicate there could be substantial doubt and outline what the auditor should document in these cases.
- Recognize the circumstances in which an auditor may express a qualified versus an unqualified opinion.
- Identify a disclaimer of opinion and determine when these opinions should or should not be expressed.
- Recognize the factors for the principal auditor’s decision to make or not make reference to another auditor.
CPE Credits: 3 CPE for CPAs
Level: Intermediate
Instructional Method: Group Internet Based
NASBA Field of Study: Auditing
Program Prerequisites: None
Advanced Preparation: None
Revision Date: April 1, 2022
