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Practice Area: Accounting & Auditing  Brand: PPC,Checkpoint

Going Concern -- Considerations for Audit, Compilation, and Review Engagements  
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With the recent economic downturn, CPA firms are now facing more and more going concern decisions. These decisions are often difficult, risky, and require a high degree of professional judgment. Many companies and nonprofits struggled in the first half of 2009, and thus their 2009 financial results will reflect that.

Even if an entity is not ultimately determined to have substantial doubt about going concern, you will still have to go through the process of considering it on your audits, compilations, and reviews.

PPC’s Guide to Going Concern -- Considerations for Audit, Compilation, and Review Engagements provides all the analysis and tools in one place that you need to confidently identify and evaluate going concern uncertainties in accordance with professional standards for audits, compilations, and reviews.

  • Easy-to-understand practical guidance on applying the standards
  • Best practices, authors’ recommendations, case studies, and illustrative documentation
  • Aligned with the PPC engagement approach that you rely on
  • Real-world, practical case studies that show how going concern judgments might be applied in real-world client situations
  • Practice aids for identifying adverse conditions and events, evaluating management's mitigation plans, and preparing required documentation
  • Financial statement disclosures and CPA’s reporting examples

This new guide gives you a step-by-step process will bring your clients into the evaluation process, creating efficiencies for you and making difficult going-concern conversations and decisions easier.



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