GOV2302. Should You Be Concerned? - a Discussion about Going Concern

Going concern assessments continue to be a complex and often misunderstood topic for exempt organizations. More organizations than ever had to complete more robust going concern assessments as a result of the pandemic, and auditors faced numerous challenges in auditing management's estimates and reporting conclusions. Join this session to learn about the requirements surrounding going concern and to learn from case studies of going concern assessments.

Learning Objectives:

• Identify the requirements for financial reporting and auditing related to going concern
• Recognize the type of information necessary to evaluate management's plans
• Identify the financial statement and audit report implications of going concern