Webinar (CA): Accounting, Auditing and Reporting Considerations of COVID-19

Description

The COVID-19 pandemic is affecting major economic and financial markets. Many industries have experienced a slow-down and/or shut-down of their business operations due to regulatory and organizational mandates such as school and business closures, and voluntary changes in consumer behavior including quarantine and social distancing. Many companies, particularly privately-owned companies, without sufficient capital reserves will be forced to deal with many of the following economic issues that will present numerous challenges to the auditor when attempting to determine the risks that exist, as follows: a) Financial market volatility and erosion of value b) Deteriorating credit c) Liquidity concerns d) Further increases in government intervention e) Increasing unemployment f) Broad declines in consumer discretionary spending g) Increasing inventory levels h) Reductions in production due to decreased demand and supply constraints, layoffs and furloughs i) Other restructuring activities

Learning Objectives

• Identify risk assessments required for all audits
• The unusual and far-reaching impact of the pandemic
• Identify the primary areas of concern that could result in significant adjustments • Disclosures in the financial statements

Major Topics

• Identification of major financial areas being impacted • Identification and discussion of high-risk audit areas, and possible solutions
• Discussion and analysis of major accounting and financial reporting issues
• Discussion of possible alternatives

Provider
California CPA Education Foundation
Course Level
Basic
CPE Field of Study
Auditing
1
Who Should Attend

CPAs and Accounting Professionals

Instructor(s)
Eugene Ristaino
Prerequisites

None

Advanced Preparation

This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Location
Webinar
Event Information
When
Jun 1, 2021
9:00 am - 10:00 am MDT
Location
Webinar
Total CPE Credits
1
Format
Webinar

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Webinar (CA): Accounting, Auditing and Reporting Considerations of COVID-19


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