Going Concern Audit Issues

1 Credits: Auditing


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Going Concern Audit Issues

Course Level
CPE Credits

1 Credits: Auditing

Course Description

One of the most essential elements of an audit is the determination of whether a client can continue as a going concern. This course helps the auditor navigate through the going concern topic by covering all related accounting and auditing pronouncements and providing multiple disclosure examples. It also itemizes a number of best practices to improve the process of identifying going concern situations and evaluating management remediation plans.

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Learning Objectives

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

  • Recognize the criteria for a going concern evaluation.
  • Identify what constitutes an adverse condition or event.
  • Specify the unique characteristics of the liquidation basis of accounting.
  • Recognize audit procedures associated with the going concern topic.
  • Identify the going concern documentation requirements for the auditor.
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Course Specifics

Course ID
Revision Date
March 14, 2024

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220

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

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …