Dates and location
Hours
Dates and location
Hours
Description
Learn anywhere, anytime with audio learning from your trusted source for Professional Development.
Get up to speed in an hour on critical topics for CPAs such as AI, Ethics, Finance, Cybersecurity, Audit, Tax, Sustainability and more.
- Convenient 60-minute audio courses in our new app.
- Flexible format allows you to listen and learn on the go at your own pace.
- Relevant and trending topics affecting CPAs to help you stay at the forefront of the profession.
This audio learning session explores how political and economic unrest, particularly trade conflicts and tariffs, can significantly impact financial statements prepared under Accounting Standards for Private Enterprises (ASPE). This course provides CPAs a practical framework for identifying and addressing risks of material misstatement, applying professional judgment, and ensuring accurate recognition, measurement, and disclosure. Through real-world examples, participants will gain the tools to assess financial statement implications in uncertain environments and enhance their audit and review engagements.
Lessons Covered:
- Introduction
- Background
- Potential Impacts
- Revenue
- Let's Talk About Asset Impairment
- Estimate Examples
- Subsequent Event Disclosure
- Other Financial Statement Considerations
- Conclusion
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Key Takeaways
Upon completion of this course, learners will be able to:
- Understand how trade conflicts and regulatory changes affect financial reporting under ASPE.
- Identify key areas of impact including going concern, asset impairment, revenue recognition, and subsequent events.
- Apply professional judgment in recognition, measurement, and disclosure decisions.
- Learn how to assess and disclose material measurement uncertainty and economic dependence.
- Strengthen audit and review procedures in situations of increased risk and uncertainty.
Who Will Benefit
This course will benefit CPAs involved in preparing, auditing or reviewing financial statements under ASPE.
How to Access the Course
New mobile learning! Download Blackboard Learn from your app store (iOS or Android). Learn more.
To access the course on your computer please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the course to appear on your BlackBoard page.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Jane M. Bowen, FCPA, FCA, has been involved in professional development and education for Members and students for many years. She currently lectures in financial accounting and audit at UOIT in Oshawa. She authors or mentors courses in this professional development program, and has contributed to CPA Canada publications: Guide to Accounting Standards for Private Enterprises (GASPE); and Guide to International Financial Reporting Standards in Canada. Jane is currently the Chair of the CPA Canada Competency Map and often authors publications issued by CPA Canada’s Research Guidance and Support Group., addressing the implementation of new accounting and assurance standards.