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Duane Morris Partner David Kaufman to Speak at Duff & Phelps' "Managing Going-Concern Risk" Webcast
December 16, 2009 | Webcast
Duane Morris partner David J. Kaufman will be speaking at Duff and Phelps' "Managing Going-Concern Risk" webcast, to be held on Wednesday, December 16, 2009, from 12:30 p.m. to 1:30 p.m. (Eastern time).
A podcast is now available on the Duff and Phelps website (right click on the link to download the podcast).
About the Webcast
Due to the current economic climate, more and more companies—many for the first time—are facing going-concern risk, resulting in a record number of companies that received audit opinions expressing substantial doubt about the company's ability to continue as a going-concern (known as a "going-concern opinion" or "GCO"). Some have called GCOs "self-fulfilling prophecies of doom," whereby the expressed uncertainty of a company's ongoing viability becomes a harsh reality, as investors and other key stakeholders interpret a GCO as an indication that a business will fail or go bankrupt within 12 months.
Going-concern risk is increasingly relevant for many business leaders today as they seek to mitigate risk related to extending credit to customers, ensure the viability of their supply chain partners, protect the value of their investments or face going-concern risks in their own organization.
During this webcast, the following topics will be discussed:
- The professional standards governing the going-concern evaluation
- Key findings from Duff & Phelps' research of companies that have received going-concern opinions over the past five years
- The governance and legal implications of going-concern issues and the increasing importance of effective and timely communication with key stakeholders
- The implications of the current credit crisis, how it affects going-concern risk and how the risks in this environment may be different from past economic cycles
- Leading practices for managing going-concern risk, both within your own organization and related to your key business partners
For more information about the webcast or to register to participate, please visit the event registration page.
