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Understanding the Revised Going Concern Standard (New SAS 132)

DeliveryType:  Audio Webcast
    Select Date & Time:
  • $59.00-$69.00
    Understanding the Revised Going Concern Standard (New SAS 132) 02:00 pm - 03:00 pm ET Product #: WC1366888
    Add to Calendar 03/28/2017 14:00:00 03/28/2017 15:00:00 America/New_York AICPA Webcast: Understanding the Revised Going Concern Standard (New SAS 132)
    In January 2017, the AICPA's Auditing Standards Board (ASB) approved the issuance of Statement on Auditing Standards No. 132, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern. Review this SAS which will be effective for audits of financial statements for periods ending on or after December 15, 2017.
    Register at http://www.aicpastore.com//PRD~PC-WC1352121/PC-WC1352121.jsp AICPA noreply@aicpastore.com false MM/DD/YYYY AICPA WebEvent aiEQlNoFjzFNtMgVwmLn20911
    AICPA Member: $59.00
    Non-Member: $69.00
  • $59.00-$69.00
    Understanding the Revised Going Concern Standard (New SAS 132) 02:00 pm - 03:00 pm ET Product #: WC1366915
    Add to Calendar 04/21/2017 14:00:00 04/21/2017 15:00:00 America/New_York AICPA Webcast: Understanding the Revised Going Concern Standard (New SAS 132)
    In January 2017, the AICPA's Auditing Standards Board (ASB) approved the issuance of Statement on Auditing Standards No. 132, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern. Review this SAS which will be effective for audits of financial statements for periods ending on or after December 15, 2017.
    Register at http://www.aicpastore.com//PRD~PC-WC1352121/PC-WC1352121.jsp AICPA noreply@aicpastore.com false MM/DD/YYYY AICPA WebEvent aiEQlNoFjzFNtMgVwmLn20911
    AICPA Member: $59.00
    Non-Member: $69.00

In February 2017, the AICPA's Auditing Standards Board (ASB) approved the issuance of Statement on Auditing Standards No. 132, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern. Hear from an industry expert as this new SAS will be effective for audits of financial statements for periods ending on or after December 15, 2017 and for reviews of interim financial information for interim periods beginning after fiscal years ending on or after December 15, 2017.

Learning Objectives

This webcast will include an overview of the new SAS and discussion of:

  • Key changes to align the Going Concern Standard to the FASB and GASB accounting standard, e.g. evaluation period
  • The new requirement and application material regarding the auditor's consideration of third-party support and support letters
  • Changes in auditor reporting with respect to Going Concern
  • Changes to the Interim Financial Information auditing standard
  • The auditor's responsibilities relating to:
    • Obtaining audit evidence and concluding on the appropriateness of management's use of the going concern basis of accounting
    • Concluding, based on the audit evidence obtained, whether substantial doubt exists
    • Evaluating the adequacy of disclosures regarding the entity's ability to continue as a going concern

Group Viewing Option

Gather the team together and attend this webcast as a group. Each attendee will earn CPE Credit. Select the Group Viewing product below and enter the number of attendees in the quantity box.

Number of Attendees Non-Member Member

1 - 4

$69 $59

5 - 9

$65 $55

10 - 20

$59 $49

21 +

$55 $45

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Speaker Bio

Steven Morrison
CPA

Steven Morrison, CPA, is a principal in the Audit Department at MBAF and works with both public and private companies in various industries including those with international operations.

Steven is active in the planning and execution of audit engagements bringing experience in a variety of industries including automotive dealerships, freight forwarding/mail courier, retail, and wholesale/distribution. Steven also addresses specific issues for companies in a variety of other industries and has experience in effectively communicating simple and complex technical matters to all levels of personnel at clients. His responsibilities also include advising engagement teams on accounting and auditing matters. He also works on projects with the firm's Risk Advisory practice, primarily as it relates to technical accounting consultations.

He is a member of the AICPA's Auditing Standards Board ("ASB"), a senior committee for auditing, attestation and quality control applicable to the performance and issuance of audit and attestation reports for non-issuers. The board's responsibilities include developing, updating and communicating comprehensive standards and practice guidance that enable practitioners to provide high-quality objective audit and attestation services in an effective and efficient manner. The board promulgates Statements on Auditing Standards, Statements on Standards for Attestation Engagements, and Statements on Quality Control Standards. Previously, he was a member and chair of the Florida Institute of CPAs Accounting Principles and Auditing Standards Committee which develops responses to exposure drafts of various authoritative accounting and auditing bodies such as the AICPA, FASB, and PCAOB. Also, he was previously a member of the AICPA National Advanced Accounting and Auditing Technical Symposium (NAAATS) Steering Committee.

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