QAS Self-Study
Overview
CPE Credits
1 Credits: Accounting
Course Description
A true sale opinion is an attorney’s conclusion that transferred financial assets have been sold and are beyond the reach of a transferor’s creditors and that a court would conclude that the assets would not be included in the transferor’s bankruptcy estate. There are many considerations related to these types of opinions, perhaps most importantly is how they are evaluated and whether they can be relied on as evidence. In this course, we explore many of the burning questions as it relates to true sale opinions.
Learning Objectives
Upon completion of this course, you will be able to:
- Recognize when a true sale opinion is generally required to be obtained;
- Identify considerations regarding whether internal legal counsel can issue a true sale opinion;
- List specific language that should not be included in a true sale opinion; and
- Recognize characteristics of a nonconsolidation opinion.
Course Specifics
|
Course ID 122305281 |
Revision Date October 31, 2022 |
Number of Pages 31 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
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)
Course Instructor
Kelen is a recognized author and reviewer of CPE courses and has authored over 120 courses (300+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen also remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”. Kelen has nearly 20 years of progressive finance and accounting experience. He …
True Sale Opinions: What You and Your Auditor Needs to Consider
$29.00 – $49.00
QAS Self-Study
Overview
CPE Credits
1 Credits: Accounting
Course Description
A true sale opinion is an attorney’s conclusion that transferred financial assets have been sold and are beyond the reach of a transferor’s creditors and that a court would conclude that the assets would not be included in the transferor’s bankruptcy estate. There are many considerations related to these types of opinions, perhaps most importantly is how they are evaluated and whether they can be relied on as evidence. In this course, we explore many of the burning questions as it relates to true sale opinions.
Learning Objectives
Upon completion of this course, you will be able to:
- Recognize when a true sale opinion is generally required to be obtained;
- Identify considerations regarding whether internal legal counsel can issue a true sale opinion;
- List specific language that should not be included in a true sale opinion; and
- Recognize characteristics of a nonconsolidation opinion.
Course Specifics
|
Course ID 122305281 |
Revision Date October 31, 2022 |
Number of Pages 31 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
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)
Course Instructor
Kelen is a recognized author and reviewer of CPE courses and has authored over 120 courses (300+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen also remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”. Kelen has nearly 20 years of progressive finance and accounting experience. He …
True Sale Opinions: What You and Your Auditor Needs to Consider
$29.00 – $49.00