Subsequent Events – What Accountants Need to Know​

Course Overview:

This overview course offers CPAs a concise introduction to subsequent events under U.S. GAAP. It highlights the key differences between recognized and nonrecognized subsequent events, summarizes the related reporting and disclosure requirements, and touches on management responsibilities and audit considerations. Designed as a quick refresher, the course also includes examples of common subsequent events encountered in practice.   


Learning Objectives:

 Upon completion of this course, you will be able to:

• Identify the key characteristics and timing of subsequent events under ASC 855
• Recognize common examples of subsequent events
• Differentiate between recognized and nonrecognized subsequent events
• Recognize audit procedures and documentation requirements related to subsequent events