Crumbling Corporations:
A Study in SAS No. 59

GM, Circuit City, and a myriad of other companies are facing the same economic struggles. Will they continue as a going concern? This up-to-the-minute course examines the guidelines set forth by SAS No. 59 to identify companies that may fail to continue as a going concern, and it looks at current companies in the mist of crisis. In addition, the course details the steps an auditor must take to conduct a well-designed audit to meet expectations by both management and investors. Participants will enjoy an intellectually stimulating discussion of these dilemmas.

LEARNING OBJECTIVES:
Upon successful completion of this course, participants will be able to:

• Identify the professional standards covering the issue of going concern.
• Apply the professional standards relating to going concern.
• Identify the issues that typically result in inadequate working capital.
• Calculate the external funds needed for a company to grow.
• Identify the issues, other than difficult economic times, that typically underly going concern problems.
• Apply the Altman Z Score.