NAA2328. Accounting and Auditing Issues in a Turbulent Economy
With deterioration in the general economic conditions due to inflation, supply chain, liquidity concerns, and decreased consumer spending resulting in numerous accounting and audit matters in financial reporting. This session will address Going Concern, Debt Compliance, Impairment, Fair Value, and Revenue Recognition issues impacted by the current economic conditions.
- Identify how current economic conditions impact accounting and auditing considerations.
- Analyze the impact of unfavorable economic conditions and determine their effect on financial statement disclosures