Overview     

 Going concern certainly is a hot topic this year with everyone feeling the impact of COVID-19! 

This impact must be communicated to users. Companies preparing financial statements using IFRS® Standards are required to assess their ability to continue as a going concern. In the current stressed economic environment arising from the COVID-19 pandemic, deciding whether the financial statements should be prepared on a going concern basis may involve a greater degree of judgement than usual. 

IFRS Foundation have published educational material to support companies in applying going concern requirements. This webinar will provide an overview of this supporting material which brings together the requirements in IFRS® Standards relevant for going concern assessments. 

Join our technical expert Lettie Janse van Vuuren CA(SA) on 28 June 2021 from 10:00 a.m. to 12:00 p.m. as she addresses going concern and its requirements that have become more pronounced as a result of the COVID-19 pandemic.  

Learning objectives    

   By the end of this event the attendee will:   

• Be aware of the discussions by various bodies around going concern. 

• Have a better understanding of management’s responsibilities regarding going concern and disclosure. 

• Know how to assess going concern and how to apply the requirements in IAS 1 Presentation of financial statements. 

• Understand the impact of events after the reporting period on going concern. 

• Know what an entity is required to do if it is not a going concern. 

Content   

   The webinar will cover the following topics:   

• Overview & background. 

• Going concern - management's responsibilities. 

• Assessing going concern. 

• Events after the reporting period - impact on going concern. 

• Disclosure is key! 

• Applying the requirements in IAS 1 Presentation of financial statements. 

• What to do if entity is NOT a going concern?  

Obtaining your CPD certificate   

This webinar qualifies for 2 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. The SAAA CPD policy is compliant with IFAC IES7 and is recognised by all relevant professional bodies.  All attendees are issued with a CPD certificate available in an online profile.    

About the presenter  

 Lettie Janse van Vuuren CA(SA), RA  

Lettie is a Chartered Accountant, Registered Auditor, as well as an Assessor and Moderator. She joined SA Accounting Academy in November 2017 as Head of Technical. As a professional trainer and webinar host, she is able to hold the attention of an audience with her relaxed and humorous presentation style.  She has a unique ability to communicate with delegates at their respective levels of knowledge and experience.  Over the last 20 years, she has trained thousands of partners, managers, trainee accountants and other professionals.   

She is responsible for researching, compiling and presenting our MCLU (Monthly Compliance and Legislation Updates). She was the Professional Development Manager at SAICA for 4 years and in charge of accrediting new training offices and monitoring existing ones (including the moderation of training offices and trainee assessments).  

Who should attend?   

   The following persons will benefit from attending this webinar:   

• Professional Accountants including: RA(SA), CA(SA), PA(SA) and BAP(SA); 

• Accounting officers; and  

• Audit trainees.  

Price                 

• R 475.00 - Online admission - Individual.  

• R 950.00 - Online admission - Company.   

Steps to register for the event:   

If you already have a profile, login and register for the webinar.  

If you don’t have a profile, create a free profile then login and register for the webinar.  

Click here  to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series).  

Click here  to find out about the Technical Resource Centre & CPD Subscription options.  

Additional material  

   By attending this webinar you will be provided with:  

• Summarised slide presentation;  

• Detailed course material; 

• Source documents for reference/resource library; and   

• You can ask questions during the webinar and you will also have access to the presenter after the webinar.