Financial Briefing: Assessing Going Concern
CPD: 1 hour
Course content
Recent economic turbulence has raised the significance of the basic concept of ensuring that a business is a going concern. This course provides a succinct refresher to the subject and a briefing on recent pronouncements from the FRC and APB (APB 2008/1 and APB 2008/10) as well as reviewing the guidance in FRS 18 and ISA 570.
- What challenges are posed by economic turbulence?
- What recent guidance is there?
- What does APB 2008/1 say? (In three parts)
- What does APB 2008/10 say? (In three parts)
- What do company law and accounting standards say?
- What are the responsibilities of directors and auditors?
- What about break up basis?
The course is completed with a 12-question assessment to test the learner’s understanding and knowledge of the content. In total, the course takes around one hour to complete.