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Navigating Going Concern Risk in an Uncertain Environment

NAVIGATING GOING CONCERN RISK IN AN UNCERTAIN ENVIRONMENT

Cost Free
Presentation Length 1.0 hour

Recorded DateJuly 26, 2023
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAuditing
Course LevelBasic
Course Description

Within the current economic environment, going concern is an ongoing conversation between management and auditors. For CPA firm auditors, assessing going concern and its risks grew more difficult when our environment became uncertain and remote work became a norm.

Join our industry thought leaders Brian Wilson of AICPA, Andy Hines of Whitley Penn, and Andrea Hearn and Stefan Davis of Wolters Kluwer, as they discuss how firms can successfully assess their clients’ going concern risk in a new-normal environment.

Learning Objectives


  • Determine how auditing standards and accounting requirements around going concern interact

  • List tips to assessing going concern risk, including Wolters Kluwer’s solutions that help

  • Summarize developments in ongoing concern standard-setting

Not logged
PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Andrea Hearn is Technical Product Manager at Wolters Kluwer Tax and Accounting North America. Andrea works with customers and software teams to provide new audit products, new features and industry titles for CCH® ProSystem fx® Knowledge Coach and CCH® Axcess® Knowledge Coach. Andrea also works closely with the Wolters Kluwer Research and Learning team to ensure titles have optimal workflow for Knowledge Coach Customers.
 
Prior to joining Wolters Kluwer in 2006, Andrea worked as a business planning manager in the financial services industry and has a Masters Degree in Arts from York University.

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Andy Hines

Whitley Penn LLP
Senior Audit Manager
andy.hines@whitleypenn.com
(214) 393-9570

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Andy is a certified public accountant with more than seven years of audit public accounting experience serving a broad range of clients, focusing primarily on private clients in the healthcare, manufacturing, distribution, oil and gas servicing, employee benefit plan, and not-for-profit industries. Andy was selected for and participated in a four-month externship with a Nexia member firm in Melbourne, Australia. He earned his BBA and MS in accounting from the University of Texas at Arlington.

Andy serves as Treasurer on the Executive Board of FitWorth, a local not-for-profit in Fort Worth.  He is also a committee member for the Cystic Fibrosis Foundation’s Annual Stair Climb event in Fort Worth and a current member of Leadership Fort Worth.

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Stefan is one of the co-founders and now Senior Product Owner for TeamMate Analytics. He began his career as an Auditor at KPMG. During nine years there, he also spent time in Internal Audit, Forensics, Transaction Services, and Management Consulting, working with a wide range of clients from small owner-managed businesses to FTSE 100 companies. Stefan has a huge passion for Data Analytics and increasing its use in auditing.

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Brian Wilson

AICPA
Director of Audit and Attest Standards
brian.wilson@aicpa-cima.com
(888) 777-7077

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Brian Wilson is a director of audit and attest standards at the Association of International Certified Professional Accountants (AICPA). His primary responsibility is to assist the AICPA's chief auditor in the strategic direction of standard-setting activities with a focus on international auditing issues and developing solutions to high-priority standards and practice issues.

Prior to joining the AICPA, Mr. Wilson held senior corporate controllership positions at global public and nonpublic companies for seven years. Earlier in his career, Mr. Wilson spent ten years at KPMG in the US, providing accounting advisory services. He also enjoyed short-term staff rotations at the Center for Audit Quality and the Financial Accounting Standards Board. Mr. Wilson is frequently invited to present on complex accounting and auditing topics for a variety of organizations.

Mr. Wilson is a licensed Certified Public Accountant in the Commonwealth of Virginia and holds the Chartered Global Management Accountant designation. His professional affiliations and memberships include the AICPA and Financial Executives International. Mr. Wilson earned his undergraduate degree in accounting and Master of Science in Professional Accounting at Michigan State University.

About Our Presenter

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Wolters Kluwer Tax & Accounting is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy, and efficiency – so they maximize the impact they create for their clients. Our focus is giving tax and accounting professionals the ability to grow, manage and protect their business and their clients’ businesses in a fast-moving and ever-changing world. It means that firms can stay ahead of the pack, take advantage of new technologies, transform, and capitalize on new opportunities.

Wolters Kluwer Tax & Accounting is part of Wolters Kluwer (WKL), a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services.