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Documenting Economic Damages from Covid-19 and Civil Unrest

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Before starting this self study program, please go through the instructional document.

Overview

  • Why Documentation is Necessary
    1 mins
  • Limitation on Personal Casualty Losses
    10 mins
  • Economic Damages for Individuals
    25 mins
  • Standards of Value
    45 mins
  • Common Valuation Approaches
    56 mins
  • Bankruptcy Advantage
    75 mins

Course Description

Was your firm or your client affected by the COVID-19 pandemic or by the civil unrest in 2020?

The swift and massive shock of the coronavirus pandemic and shutdown measures to contain it have plunged the global economy into a severe contraction. As the health and human toll grows, the economic damage is already evident and represents the largest economic shock the world has experienced in decades.

With the onset of the COVID-19 virus and the shutdown of the worldwide economy Congress authorized Economic Injury Disaster Loans (EIDL) and Paycheck Protection Program loans. The SBA recently announced they will be auditing loan recipients to determine if they had damages related to the pandemic. Companies that want to file insurance claims will also need to document their damages. This webinar is designed to review the steps for calculating damages with an emphasis on damages related to the COVID-19 virus, economic shutdown and civil unrest

This course is recommended for CPAs, CFEs, CMA, CIAs, CFFs, MAFF, CGMAs, CFOs, CEOs, business owners, business managers, internal auditors, external auditors, corporate accountants, government accountants and risk management personnel.

Learning Objectives

  • To identify and assess damages connected to the COVID-19 pandemic
  • To identify ways to document the damages.
  • To identify things to be taken care in case SBA auditing the loan recipients

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Bookkeeper
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA