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Please note that this webinar Is from a third party vendor, CPA Crossings. We strongly recommend registering no later than one-hour before the webinar begins. Please contact CPA Crossings webinar hotline if you do Not receive your webinar invitation via email within five minutes after registering:  877-370-2220 ext. 1. Thank you.



Registration Open:

12:00 AM - 9:30 AM


9:30 AM - 11:30 AM



Meeting Type:


CPE Credit:


Field(s) Of Study:

Auditing (2.00)

Level of Knowledge:



Member: $79.00
Nonmember: $99.00

Discounts available:

Not Available


After attending this presentation you will be able to...

  • Recognize factors where there can be financial statement implications including inventory valuation, accounts receivable and collectability, ASC 606, valuation of assets, change in accounting estimates, debt covenant violations, etc.
  • Identify red flags with respect to going concern evaluations and analyze effects of the outbreak
  • Use liquidation basis of accounting when liquidation is imminent
  • Identify subsequent events and determine if disclosures are required
  • Determine the impact on audit engagements pertaining to the nature of the engagement, deadlines, appropriateness of financial reporting framework, risk assessment, fraud risk considerations and additional challenges due to remote work environment


The major topics that will be covered in this class include:

  • COVID-19 impact on the economy, businesses, financial statements and audit engagements
  • Financial statement implications, including revenue recognition challenges, lease accounting and modification, debt and related issues, CECL for non-financial service companies, equity investments and more
  • Evaluating going concern analysis, liquidation of basis accounting, subsequent events, and more


General knowledge of auditing