Many areas of GAAP-basis financial statements and related disclosures contain aspects of uncertainty. For example, gain or loss contingencies, recoverability of assets, disclosures about the impact of natural disasters or downturns in the economy, and more. This session will provide important reminders about the application of underlying principles relevant to accounting for and reporting on areas of accounting uncertainty. This includes techniques for evaluating the sufficiency of estimates and being transparent about how future outcomes may impact an entity’s financial position and results of operations.
Who Should Attend: Auditors, Business Advisors