Bankruptcy, Insolvency and Reorganization

Overview

AICPA's Fundamentals of Forensic Accounting Certificate Program

This course is part of the Fundamentals of Forensic Accounting Certificate Program - a comprehensive, integrated curriculum - covering AICPA's entire Body of Knowledge in this topic area. The program will provide you with the training, knowledge, and practical guidance needed for a solid understanding of financial forensics. Credit for individual courses purchased can be applied to the full program when you enroll within one year of the original purchase date.

This course provides a high-level overview of bankruptcy and the roles of forensic accountants that work with bankruptcy engagements. Our overview employs three different scenarios to give learners a broad understanding of the field.

Discounts

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Highlights

Key Topics

• Bankruptcy, Insolvency and Reorganization

Prerequisites

None

Objectives

Learning Outcomes

• Describe the different types of bankruptcy
• Match the bankruptcy type with the entity that is eligible to file for it
• Explain the different roles a forensic accountant can play in bankruptcy engagements
• Explain how the role of a forensic accountant may change depending upon the client
• Describe the four types of bankruptcy fraud.
• Identify the various forms of financial documentation that may need to be filed in a bankruptcy engagement
• List the key concepts of valuation and insolvency issues
• Recognize specific laws and deadlines set by the bankruptcy court and the IRS, and describe any recent changes to those laws
• Define specific bankruptcy-related concepts such as insolvency
• Describe the role of a CRO in bankruptcy engagements