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General Session (Online)

SEC2014. Forecasting and Impairment in Times of Uncertainty

Business conditions have changed in many ways across 2020, resulting in changes in forecast methods, bases of comparison, and the approaches to determining the resultant measurement in the financial statements.   Methods that rely on recent performance being an indicator of future performance in particular are challenging for preparers, valuation specialists, and auditors when recent performance during the business interruptions may not be a relevant indicator of future conditions applicable to a forecast or impairment consideration.  

Hear from a panel on how these challenges have been considered and addressed.

Learning Objectives:

  • Gain an awareness of the general impacts of the business conditions in 2020 on forecasting and impairment considerations
  • Develop an understanding of key steps in their role of preparation, governance, and auditing around forecasts and impairments in circumstances where business conditions have changed, and are expected to further change
  • Apply knowledge around critical matters that impact forecasts and impairments as models are adjusted to respond to a rapidly changing business environment
Dec 8
3:40 PM–4:55 PM
CPE Credits
NASBA Field of Study
3-5 Years in the Profession
Advanced Preparation
Consider industry materials: https://www.sec.