Video: Subsequent Events Overview

This lesson provides an overview of subsequent events, a significant topic in the realm of auditing and financial statements. Nick Palazzolo, CPA, highlights its importance and relevance to both SIMS and multiple-choice questions on CPA exams. The lesson delves into the learning objectives associated with subsequent events, emphasizing the need for understanding their impact on financial statements.

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Management's Representation & Responsibilities
Module: 2 Concepts, 36 Videos
Management's Responsibility for Disclosing Related Parties, Going Concern, Litigation, Estimates, & More Overview
1:09
Management's Responsibility for Disclosing Related Parties, Going Concern, Litigation, Estimates, & More Objectives
4:41
Introduction to Management's Representation and Responsibility
2:56
Reliance on Management Representations
7:33
Obtaining Written Representations
1:23
Management Representation Letter
10:21
Considerations of the Management Representation Letter
4:43
Other Representation Letters
1:46
Updating the Representation Letter
2:04
Scope Limitations and Contingency Treatments
8:25
Management Assertions
1:33
Going Concern
8:46
Accounting Estimates
4:02
Pending Litigation
4:52
Accounting Changes
19:21
Types of Accounting Errors
5:06
Notes to the Financial Statements
7:24
Management's Responsibility for Disclosing Related Parties, Going Concern, Litigation, Estimates, & More Summary
0:53
Management's Responsibility for Disclosing Related Parties, Going Concern, Litigation, Estimates, & More Practice Questions
8:21
Subsequent Events Overview
0:25
Subsequent Events Objectives
1:07
Introduction to Subsequent Events
1:36
Auditor's Responsibility for Subsequent Events
4:04
Examples of Subsequent Events
2:38
Subsequent Events Timeline
2:28
Procedures for Obtaining Evidence
5:25
Dual-Dated Audit Report
6:22
Management Revision of Financial Statements
3:16
Contingencies and Commitments
8:39
Practical Example of Subsequent Events
10:40
Recognized Subsequent Events
5:18
Non-Recognized Subsequent Events
2:18
Subsequent Events Evaluation Period
1:46
Subsequent Events Treatment in Financial Statements
5:20
Subsequent Events Summary
1:15
Subsequent Events Practice Questions
11:55