True Sale Opinions: What You and Your Auditor Needs to Consider ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
This online self-study CPE course is an essential guide for professionals dealing with financial asset transfers, offering a deep dive into the world of true sale opinions. You’ll gain the ability to recognize when these opinions are necessary, which is crucial in ensuring the legality and safety of your financial transactions. The course also sheds light on the role of internal legal counsel in issuing these opinions, helping you make informed decisions about legal resources. Moreover, by learning about specific language that should not be included in a true sale opinion, you’ll be able to safeguard your transactions against potential legal pitfalls. Additionally, understanding the characteristics of a non-consolidation opinion enhances your expertise in handling complex financial matters. This online self-study CPE course doesn’t just teach; it equips you with practical skills that directly benefit your professional practice.
Highlights
What is a true sale opinion, and when does it come into play. True sale opinion language. What are the audit impacts from restrictions on use. Conditions for sale accounting.
Prerequisites
None.
Designed For
CPAs.
Objectives
Recognize when a true sale opinion is generally required to be obtained. Identify considerations regarding whether internal legal counsel can issue a true sale opinion. List specific language that should not be included in a true sale opinion. Recognize characteristics of a non-consolidation opinion.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Kelen Camehl, Western CPE
Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen has also remained involved in CPA exam content development for nearly 10 years and has authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”.
Kelen has over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.
Non-Member Price $33.00
Member Price $29.00