myCPE
myCPE

Going Concern - Implication in Accounting, Disclosure & Reporting 1 Credit

Feb 18, 2022, 04:00 PM ET

Going Concern - Implication in Accounting, Disclosure & Reporting 1 Credit

  • Rating

    4.6
  • Reviewed on

    January, 2024
  • Subject Area

    Accounting

Select your learning mode

  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate
Feb 18, 2022, 04:00 PM ET

Learning Objective

  • To identify going concern indicators
  • To recognize management’s responsibility to evaluate and report
  • To recognize the accountant’s and auditor’s responsibilities to evaluate and report

Course Overview

One of the unfortunate outcomes of the COVID-19 pandemic is the economic stress. Such stress has raised concerns about many entities’ abilities to continue as a going concern, which has significant accounting, disclosure and, reporting implications. “Going concern” refers to the concept that users of financial statements can expect that the company will continue to operate in the near future unless conditions or events occur that may contradict that assumption. Even in a strong economy, companies can lose significant contracts, face cash flow problems or be in danger of missing loan payments. If there is uncertainty as to a company's ability to meet the going concern assumption, the facts and conditions must be disclosed in its financial statements.

This course will review the relevant considerations related to going concern including : 

  • What to do when substantial doubt concerning an entity’s ability to continue as a going concern exists
  • Management mitigation efforts
  • Required disclosures both when management, and the accountant, feel such efforts will be effective in mitigating the risk
  • Responsibility of an independent accountant for evaluating going concern uncertainty under various levels of engagement to perform attest and nonattest services

On Demand Credits for All Qualifications

Nano Credits for All Qualifications

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 1 CPE Approved
Financial Accounting for Certified Internal Auditors (CIA) 1 CPE Eligible
Accounting & Auditing for Certified Management Accountants (CMA) 1 CPE Eligible
Accounting for Chartered Financial Analyst (CFA) 1 PL Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Eligible
Accounting for Certified Government Financial Manager (CGFM) 1 CPE Eligible
Accounting for Internal Audit Practitioner (IAP) 1 CPE Eligible
Accounting for Certified Fraud Examiner (CFE) 1 CPE Eligible
Accounting for Qualification in Internal Audit Leadership (QIAL) 1 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 1 CPE Eligible
Financial Reporting for Certified Financial Forensics (CFF) 1 CPD Eligible
Financial accounting for Certified Valuation Analyst (CVA) 1 CPE Eligible
Accounting for CIPM 1 PL Eligible
Financial accounting concepts for Certified FP&A Professional (FP&A) 1 CE Eligible
Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 1 CPE Eligible
License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 1 CPE Approved
Financial Accounting for Certified Internal Auditors (CIA) 1 CPE Eligible
Accounting & Auditing for Certified Management Accountants (CMA) 1 CPE Eligible
Accounting for Chartered Financial Analyst (CFA) 1 PL Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Eligible
Accounting for Certified Government Financial Manager (CGFM) 1 CPE Eligible
Accounting for Internal Audit Practitioner (IAP) 1 CPE Eligible
Accounting for Certified Fraud Examiner (CFE) 1 CPE Eligible
Accounting for Qualification in Internal Audit Leadership (QIAL) 1 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 1 CPE Eligible
Financial Reporting for Certified Financial Forensics (CFF) 1 CPD Eligible
Financial accounting for Certified Valuation Analyst (CVA) 1 CPE Eligible
Accounting for CIPM 1 PL Eligible
Financial accounting concepts for Certified FP&A Professional (FP&A) 1 CE Eligible
Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 1 CPE Eligible
License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 1 CPE Approved
Financial Accounting for Certified Internal Auditors (CIA) 1 CPE Eligible
Accounting & Auditing for Certified Management Accountants (CMA) 1 CPE Eligible
Accounting for Chartered Financial Analyst (CFA) 1 PL Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Eligible
Accounting for Certified Government Financial Manager (CGFM) 1 CPE Eligible
Accounting for Internal Audit Practitioner (IAP) 1 CPE Eligible
Accounting for Certified Fraud Examiner (CFE) 1 CPE Eligible
Accounting for Qualification in Internal Audit Leadership (QIAL) 1 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 1 CPE Eligible
Financial Reporting for Certified Financial Forensics (CFF) 1 CPD Eligible
Financial accounting for Certified Valuation Analyst (CVA) 1 CPE Eligible
Accounting for CIPM 1 PL Eligible
Financial accounting concepts for Certified FP&A Professional (FP&A) 1 CE Eligible
Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 1 CPE Eligible
License details Credits Status
Accounting & Auditing for Certified Public Accountants (CPA-US) 1 CPE Approved
Certified Internal Auditors (CIA) 1 CPE Eligible
Accounting for Certified Management Accountants (CMA) 1 CPE Eligible
Internal Audit Practitioner (IAP) 1 CPE Eligible
Certified Wealth Strategist (CWS) 1 CE Eligible
Certified Fiduciary and Investment Risk Specialist (CFIRS) 1 CE Eligible
Qualification in Internal Audit Leadership (QIAL) 1 CPE Eligible
Certified Valuation Analyst (CVA) 1 CPE Eligible
Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 1 CPE Eligible

Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

Explore CPA CPE Courses with MY-CPE. Our online offerings make it easy for you to fulfill your CPA CPE requirements. With a broad selection of topics taught by experienced professionals, you can enjoy flexible scheduling and self-paced learning. Say goodbye to traditional methods and begin your path to professional growth with us today!

About Instructor

Live CPE/CPD Webinar by Brad Muniz | Ideal for ABV, CFE, CMA, CPA
Brad Muniz

Partner, SobelCo

  • 4.5
  • rating
  • rating
  • rating
  • rating
  • rating

Brad E. Muniz, CPA, Partner in Charge of Accounting and Auditing at Sobel & Company LLC, CPAs, Livingston, services businesses and individuals in the areas of accounting, auditing, tax and business consulting.  Brad has over 30 years of experience in the areas of financial reporting, tax compliance and planning for closely held businesses, SEC registrants, non-profit organizations, individuals, and strategic business planning.  Brad has significant experience in a variety of industries, including broker/dealers, real estate, technology/life sciences, retail, manufacturing, not-for-profit and SEC reporting.

A member of the New Jersey Society of CPAs since 1991. He has served on the NJSCPA Board of Trustees as president, secretary, treasurer and trustee. He served on the Finance, Committee Operations, Chapter Operations, NJ-CPA-PAC and Retirement Savings Plan committees;  and Education Foundation Board of Trustees. He has served as a member of the Scholars Institute Advisory Board; Strategic Planning and Volunteer Relations committees; Accounting & Auditing Standards Interest Group; and as a Scholarship Fund Board of Trustee. In the Morris/Sussex Chapter, he has served as president, vice president, treasurer and director.  He currently serves as Chair of the NJCPA Education Foundation and a member of the Professional Conduct Committee.

He is a member of the Allinial Global and has served on its CPE Committee and as vice chair of the Accounting & Auditing Committee.

In his community, Muniz is a board member for Stickley Museum at Craftsman Farms and served as treasurer for Family Intervention Services, and has served as a board member of for numerous other not for profit organizations, and member of the Knoll Golf Advisory Committee.

Muniz earned his B.A. in accounting from William Paterson University, where he currently serves on the College of Business Advisory and Advancement Board. He and his wife, Diane, reside in Parsippany.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent

Very Good

Average

Poor

Terrible

CM

Caroline Mazetis, CPA (US)
5

Enjoyed the webinar. The content presented was a nice refresher for someone who has been out of the classroom for a few decades. It was informative and well worth my time to attend.

PWF

Peter W Fierro, CPA (US)
5

An interesting topic, but for me, only academically so, since I am not in public practice. The instructor obviously is very knowledgeable in this area.

Recommended Courses

Current Fraud Trends - Shifting Risks and Changing Fraud Schemes

Dec 27, 10:00 AM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CGMA
  • IAP
  • QIAL
  • MAFF
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS
Fraud Trends – Applying Real-life Lessons to Small- and Mid-Size Entities

Dec 27, 12:00 PM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CGMA
  • IAP
  • QIAL
  • MAFF
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS
Mastering Schedules: Crafting Precise Equity, Depreciation, Debt, and More

Dec 27, 12:30 PM ET

  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • CGMA
  • IAP
  • QIAL
  • CIPM
  • CBA/MCBA
  • FPAC
  • IA LPA
  • ME LPA
  • DE LPA
Lean Accounting: A Beginner's Guide

Dec 27, 03:00 PM ET

  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • IAP
  • QIAL
  • CIPM
  • CBA/MCBA
  • FPAC
  • IA LPA
  • ME LPA
  • DE LPA
The Digital Asset Taxonomy: Standardizing the Language of Digital Assets

Dec 30, 09:30 AM ET

  • CPA/ABV
  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • CGMA
  • IAP
  • QIAL
  • CIPM
  • CBA/MCBA
  • FPAC
  • IA LPA
  • ME LPA
  • DE LPA
The ESG Guide: Metrics That Make a Difference

Dec 30, 10:00 AM ET

  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • IAP
  • QIAL
  • CIPM
  • CBA/MCBA
  • FPAC
  • IA LPA
  • ME LPA
  • DE LPA
Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

Exclusive mobile
app for our unlimited
access subscribers

This course is included with,

Individual Subscription

Gain access to everything required for compliance, skill enhancement, and staying ahead of industry trends—all included in the Individual subscription. Here’s what you get:

  • 13,000+ Hours of NASBA-Approved Content
  • 500+ Emerging Subject Areas
  • 50+ State- Specific Ethics Courses
  • 100+ Conferences with Access to Industry Events
  • 250+ FastTrack Compliance Packages

    Pre-selected courses for quick compliance

  • Exclusive Mobile App Access
  • Access to Professional Communities

    Connect with like-minded professionals on Teams.

Trusted by 250,000+ Professionals

trust pilot review google review
Unlimited Access

Ready to Get Started?

Sign up today and begin your learning journey immediately!

card
stripe
$299$199 For 12 Months

Start Your Subscription

$299$199/year

Secure unlimited access

Click Here
Subscribed
James purchased a subscription.
Subscribed
Stefan purchased a subscription.
Subscribed
Jeanmarie purchased a subscription.
Subscribed
ROSA purchased a subscription.
Subscribed
Kim purchased a subscription.
Subscribed
Jonnah purchased a subscription.
Subscribed
Exclusive purchased a subscription.
Subscribed
Judy purchased a subscription.
Subscribed
Ben purchased a subscription.
Subscribed
Evan purchased a subscription.
Subscribed
Dave purchased a subscription.
Subscribed
Alla Beilin purchased a subscription.
Subscribed
Alice purchased a subscription.
Subscribed
KOSTADIN purchased a subscription.
Subscribed
James purchased a subscription.
Subscribed
Jeannie purchased a subscription.
Subscribed
DIANA purchased a subscription.
Subscribed
Bradley purchased a subscription.
Subscribed
James purchased a subscription.
Subscribed
Doreen purchased a subscription.
Subscribed
DAISUKE purchased a subscription.
Subscribed
Byron purchased a subscription.
Subscribed
Jean purchased a subscription.
Subscribed
Vladislav purchased a subscription.
Subscribed
Danielle purchased a subscription.
Subscribed
Elizabeth purchased a subscription.
Subscribed
Theresa purchased a subscription.
Subscribed
Robyn purchased a subscription.
Subscribed
Deyanira purchased a subscription.
Subscribed
Monica purchased a subscription.
Subscribed
Bob purchased a subscription.
Subscribed
BRUCE purchased a subscription.
Subscribed
Brenda purchased a subscription.
Subscribed
Genevieve purchased a subscription.
Subscribed
Sean purchased a subscription.
Subscribed
Barbara purchased a subscription.
Subscribed
Robert purchased a subscription.
Subscribed
Frederick purchased a subscription.
Subscribed
ANITA purchased a subscription.
Subscribed
Laura purchased a subscription.
Subscribed
Barbara purchased a subscription.
Subscribed
Tabitha purchased a subscription.
Subscribed
Sam purchased a subscription.
Subscribed
Jamie purchased a subscription.
Subscribed
MUTAZ purchased a subscription.
Subscribed
Mee Rina purchased a subscription.
Subscribed
Miguel purchased a subscription.
Subscribed
Lauren purchased a subscription.
Subscribed
Rohit purchased a subscription.
Subscribed
Mary purchased a subscription.
Subscribed
Peter purchased a subscription.
Subscribed
Christopher purchased a subscription.
Subscribed
Shaneque purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
Alan purchased a subscription.
Subscribed
James purchased a subscription.
Subscribed
Ashley purchased a subscription.
Subscribed
Patrick purchased a subscription.
Subscribed
Sheila purchased a subscription.
Subscribed
Barney purchased a subscription.
Subscribed
Sinead purchased a subscription.
Subscribed
Jeanne purchased a subscription.
Subscribed
Chirag purchased a subscription.
Subscribed
KRISTINA purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
John purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
Kwamina purchased a subscription.
Subscribed
Jewel purchased a subscription.
Subscribed
VICTORIA purchased a subscription.
Subscribed
Shannon purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
Debra purchased a subscription.
Subscribed
Lewis purchased a subscription.
Subscribed
Bardsley purchased a subscription.
Subscribed
MARK purchased a subscription.
Subscribed
LYNWOOD purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
Abdelmunem purchased a subscription.
Subscribed
Kate purchased a subscription.
Subscribed
Oluwakemi purchased a subscription.
Subscribed
Nicholle purchased a subscription.
Subscribed
Vance purchased a subscription.
Subscribed
Ronald purchased a subscription.
Subscribed
Pamellia purchased a subscription.
Subscribed
Joseph purchased a subscription.
Subscribed
Alma purchased a subscription.
Subscribed
Amel purchased a subscription.
Subscribed
Patricia purchased a subscription.
Subscribed
Sharon purchased a subscription.
Subscribed
MANDY purchased a subscription.
Subscribed
Paula purchased a subscription.
Subscribed
olga purchased a subscription.
Subscribed
Anita purchased a subscription.
Subscribed
See See purchased a subscription.
Subscribed
Thomas purchased a subscription.
Subscribed
Vanessa purchased a subscription.
Subscribed
Pedro G Valdes purchased a subscription.
Subscribed
Mary purchased a subscription.
Subscribed
TONY purchased a subscription.