Going Concern Accounting and Auditing

1 Credits: Accounting


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Going Concern Accounting and Auditing

Course Level
CPE Credits

1 Credits: Accounting

Course Description

Understanding the issues surrounding going concern accounting in todays’ business world is critical. This course by Larry Perry covers the applicable technical pronouncements for going concern financial statements, including technical references, detailed examples, and suggested questions for the auditor to consider when performing an audit. You’ll gain a complete understanding of what to look for, how to classify, and how to report the feasibility and financial outlook of an institution’s financial future related to going concern issues.

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Learning Objectives

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

  • Identify the fundamental concepts of the going concern assumption.
  • Identify information contrary to the going concern assumption.
  • Cite the responsibilities for management and auditors in detecting, disclosing, and reporting on going concern issues.
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Course Specifics

Course ID
Revision Date
July 5, 2022

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Larry L. Perry Headshot

Larry L. Perry, CPA, has been in practice for over 40 years. He writes accounting and auditing manuals and is currently an author and presenter of live staff training seminars, live webcasts, and self-study CPE programs, including self-study courses for Western CPE. He’s a managing member of CPA Firm Support Services, LLC, an organization that provides resources, training, and consulting to smaller CPA firms. Larry focuses on practical ways to perform effective and efficient accounting and auditing engagements.