When COVID-19 hit the United States in early 2020, businesses quickly had to adapt to the stay-at-home orders, massive workforce disruptions, and sudden economic shock. While the severity of these disturbances has varied across industries, all businesses have been impacted in some form by the COVID-19 pandemic. With the year-end audit cycle quickly approaching, accounting professionals will need to be prepared for new methods for conducting an audit. While certain accounting and reporting issues will be familiar to preparers, virtual audits and reductions in headcount will add additional complexity.

In this practical webinar, you will examine how to effectively conduct an audit during COVID-19. You will also explore the eight key pressure points that businesses face as they head into the audit cycle, and discuss strategies on how to successfully prepare for each.

Upon course completion, you will be able to:

  • Anticipate accounting and reporting issues brought on by the impacts of COVID-19
  • Identify audit areas or locations that may come into scope and require additional attention
  • Prepare for and conduct an audit in 2020
Faculty Member
Michael Cahill
Riveron Consuting

Michael Cahill is a Director at Riveron Consuting, a unique financial consulting firm serving public and private companies, private equity funds, and mezzanine and senior lenders. Michael’s role at Riveron includes oversight of client service operations such as: technical accounting, IPO and audit readiness, financial reporting, buy-side financial due diligence and post-transaction services. Prior to joining Riveron, Michael was the founder of The Cahill Group, LLC, Auditing/Consulting Partner with Urish Popeck & Co, LLC, and Senior Manager with BDO Seidman.

Faculty Member
Jeff Kranzel

Jeff Kranzel, Managing Director, New York: New accounting standard implementation advisory, GAAP conversions, deal structuring, and other transaction accounting matters

Faculty Member
Matt Tepfenhart

Matt Tepfenhart, Director, Chicago: Adoption of new accounting standards, member of internal Expert Network on technical accounting matters, carve-out financial statements, completion of closing and opening balance sheets, financial diligence and conversions from cash to accrual basis of accounting.

Faculty Member
Matt Wray

Matt Wray, Director, Chicago: Adoption new accounting standards, audit, audit support and readiness, SOX controls, technical accounting support, accounting errors, restatements, IPOs and buy-side support

Faculty Member
Melissa Denis

Melissa Denis, Manager, Denver: Income tax accounting (ASC 740), tax planning, sales and use tax, tax diligence, and domestic and international restructuring

CLE Credits (Law)

Credit Value Type Format
NALA - - Credit not available
NFPA - - Credit not available
AL 1.3 General
On-Demand/Recording
AK 1.25 General
On-Demand/Recording
AR Not Available General
On-Demand/Recording
AZ 1.25 General
On-Demand/Recording
CA 1.25 General
On-Demand/Recording
CO 1.5 General
On-Demand/Recording
CT 1.25 General
On-Demand/Recording
DE 1.3 General
On-Demand/Recording
FL 1.5 General
On-Demand/Recording
GA 1.3 General
On-Demand/Recording
HI 1.25 General
On-Demand/Recording
IA 1.25 General
On-Demand/Recording
ID 1.25 General
On-Demand/Recording
IL 1.25 General
On-Demand/Recording
IN 1.3 General
On-Demand/Recording
KS Not Available General
On-Demand/Recording
KY 1.25 General
On-Demand/Recording
LA 1.3 General
On-Demand/Recording
ME 1.25 General
On-Demand/Recording
MN 1.25 General
On-Demand/Recording
MO 1.5 General
On-Demand/Recording
MS Not Available General
On-Demand/Recording
MT 1.25 General
On-Demand/Recording
NC 1.25 General
On-Demand/Recording
ND 1.25 General
On-Demand/Recording
NE 1.25 General
On-Demand/Recording
NH 1.25 General
On-Demand/Recording
NJ 1.5 General
On-Demand/Recording
NM 1.2 General
On-Demand/Recording
NV 1 General
On-Demand/Recording
NY 1.5 General
On-Demand/Recording
OH 1.25 General
On-Demand/Recording
OK 1.5 General
On-Demand/Recording
OR 1.25 General
On-Demand/Recording
PA 1 General
On-Demand/Recording
RI 1.5 General
On-Demand/Recording
SC Not Available General
On-Demand/Recording
TN 1.25 General
On-Demand/Recording
TX 1.25 General
On-Demand/Recording
UT 1 General
On-Demand/Recording
VA Not Available General
On-Demand/Recording
VT 1.25 General
On-Demand/Recording
WA 1.25 Law and Legal Procedure
On-Demand/Recording
WI 1.5 General
On-Demand/Recording
WV 1.5 General
On-Demand/Recording
WY 1.25 General
On-Demand/Recording

In some CLE states, the course will be submitted to the bar after you register. If for any reason the course is not approved, we will fully refund your registration fee. If a state is listed on this course, then we are confident the course fits that state's standards and already is or will be approved for credit.

Accounting Credits

Credit Value Field of Study Format
CPE 1.5 Auditing On-Demand/Recording

Clear Law Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org. For more information regarding administrative policies such as complaint and refund, please see the tab above on our Money-Back Guarantee or contact us at 703-372-0550. 

CPE Credit - Maximum Credit Hours: Please see above. You must attend at least 50 minutes to obtain credit. Fields of Study: Please see above. Teaching Method: Lecture. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state’s regulatory board.

Clear Law Institute has registered with the Texas State Board of Public Accountancy as a CPE Sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program.

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What is a webinar?

A webinar is simply a seminar that you attend online. You either watch a live video feed of the speaker or listen to the speaker through your computer, tablet or phone’s audio.  You see the speaker’s slides, videos, and other presentation materials on your screen.

Can I ask questions during the webinar?

Yes. During the live webinar, you may submit questions and comments and the speaker will respond verbally. For a recorded webinar, your questions will be emailed to the speaker. You will typically receive a response from the speaker within two business days.

Can I attend using a tablet or smartphone?

Yes. You may attend a webinar using a computer, tablet or smartphone.

If I can’t attend a webinar live, can I view the recording later?

Yes. Shortly after each live program ends, we send all webinar registrants a link to the webinar recording. You can view the recording as many times as you like after the live webinar for up to 12 months.

What is an on-demand webinar?

An on-demand webinar is a previously recorded webinar that you may view at any time after your purchase for up to 12 months.

Can I stop a recorded webinar and start it later at the same point?

You can stop a recording and later log back in and navigate to any point in the webinar. The system will not force you to view the entire recording from start to finish.

Can I listen to recorded webinars on a tablet or smartphone?

Yes. You will be able to listen to any of our on-demand webinars on your computer, tablet, or smartphone.

Do the webinars qualify for Continuing Education Credit?

Almost all of our webinars are approved for continuing education credit, including CLE (in all states), CCB, CPE, HRCI, IRS and SHRM credit.  Unlike many providers, we don’t charge you any additional fee to process your credit.  If you have specific questions, please call us at 703-372-0550 or contact us.

Can I still receive Continuing Education Credits if I view the webinar recording instead of the live presentation?

In most cases, the answer is yes. Recorded webinars are not eligible for CLE credit in the following states: AR, KS, MS, NE, and RI. In all other jurisdictions, recorded programs are eligible for credit. In addition, CPE credit is not available for recorded webinars. Please note that recorded webinars are only eligible for a certain period of time based on the jurisdiction. To ask about your specific type of Continuing Education Credit or the requirements in your jurisdiction, please call us at 703-372-0550 or contact us.

Will I receive a certificate of completion after the course?

Yes. A certificate of completion will automatically be uploaded to your Clear Law Institute account after completing the live or on-demand webinar.

Do I need to be a member to receive a certificate of completion?

No. An account will automatically be created for you when registering for a webinar. You will then be able to access your certificate of completion after completing a webinar.

How do I determine my states’s CLE requirements.

Please find your state listed here with instructions for calculating the number of credits in your state.

How will I submit my attendance to receive CLE credit in my state?

Please find your state listed here with instructions for confirming your CLE attendance.

How does the money-back guarantee work?

Clear Law Institute stands behind all of its courses with a no-risk, money-back guarantee. If you are not satisfied with the quality of a webinar, we will fully refund your money—no questions asked. If you purchase an annual all-access membership, you can cancel within 14 days for a full refund.

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