Financial Statement Impact of COVID-19: Subsequent Events, Risk and Uncertainties, and Going Concern
Recording of a 110-minute CPE webinar with Q&A
This course will address financial reporting considerations in light of the recent pandemic. The panel will detail financial statement, disclosure, and reporting matters, including loss contingencies, going-concern and subsequent event disclosures, collectibility of assets, and other areas that accountants must consider after COVID-19.
Outline
- Financial statement disclosures
- Subsequent even
- Going concern
- Loss contingencies
- Risks and uncertainties
- Auditor and accountants' reporting matters
- Accountants' report
- Compiled, reviewed, and audited report differences
Benefits
The panel will review these and other critical issues:
- When a subsequent event disclosure is required under ASC 855
- When the accountants' report may need an additional paragraph
- What risk and uncertainties should be reported under ASC 275
- How going concern disclosures are determined and made
Faculty
Allison M. Henry, CPA, CGMA
Vice President - Professional & Technical Standards
Pennsylvania Institute of CPAs
Ms. Henry manages PICPA's peer review and ethics programs and by monitoring the global accounting trends within the... | Read More
Ms. Henry manages PICPA's peer review and ethics programs and by monitoring the global accounting trends within the CPA profession. She also facilitates eight state-wide technical committees that serve the broader membership interests by monitoring emerging standards and providing training opportunities.
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Grace Singer, CPA
Partner
Berdon
Ms. Singer is the Partner-in-Charge of the firm’s Quality Control with more than 30 years of experience in public... | Read More
Ms. Singer is the Partner-in-Charge of the firm’s Quality Control with more than 30 years of experience in public accounting. She advises on the impact of current, new, and evolving standards, and assists in assuring that the firm’s accounting and auditing services comply with accepted standards and policies. She performs technical reviews of attest engagements, provides consultations and staff training on technical issues, updates the firm regarding new technical pronouncements, and assures that the firm complies with all professional and regulatory quality control standards. Ms. Singer is also involved in litigation support and research assignments. She has worked with a variety of industries, including the real estate, hospitality, nonprofit, retail, distribution, apparel, and publishing sectors, as well as SEC-related engagements.
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George I. Victor, CPA, CGMA
Shareholder
Giambalvo Stalzer & Company
Mr. Victor has extensive experience in providing accounting and advisory services to both privately held and SEC... | Read More
Mr. Victor has extensive experience in providing accounting and advisory services to both privately held and SEC reporting companies, and has consulted CPA firms in the U.S. and abroad on areas of quality control, U.S. GAAP, and International Financial Reporting Standards. He oversees the Firm’s A&A practice and is the Director of Quality Control. He is responsible for formulating the firm’s accounting and auditing policies, monitoring compliance with professional regulatory standards, technical research, review of completed engagements, and oversight of the firm’s professional education program. He is also involved in implementing new accounting and auditing standards within the firm and in providing guidance on audit, accounting and financial reporting issues.
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