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.
Course Publication Date:
September 27, 2025
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or can be purchased for
$10.00!
| Author: | Kelen Camehl |
| Course No: | ACT-SUBEVEN-29005 |
| Recommended CPE: | 1.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Overview |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Accounting
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Learning Objectives
- 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.