Thursday 27 May 2021


12:00 pm


1.5 CPD Hours

Session Topic

Solvency, liquidity and going concern

Accounting standards addressing solvency, liquidity, and going concern are linked.  The session will explain the linkages and illustrate some of the required disclosures.

It will also cover:

  • The liquidity disclosure requirements in AASB 7 Financial Instruments: Disclosures
  • IFRS Foundation educational material in applying going-concern requirements, and
  • How audit firms can enhance going-concern assessments.
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This session is presented by:

Colin Parker

Principal | GAAP Consulting | Financial Reporting Expert

Colin, Principal of GAAP Consulting, is an expert in financial reporting, auditing and related governance issues, and was previously a member of the Australian Accounting Standards Board.

He has conducted many independent expert and consulting experts reports on professional negligence, and accounting and auditing standards. He is the team leader advisory and litigation services and adviser to GAAP Training and Reportfraud.


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Carmen Ridley

Principal | Australian Financial Reporting Solutions

Carmen has an excellent knowledge of financial reporting through significant experience with a number of major accounting firms in both the external audit and technical divisions and spending significant time analysing and interpreting accounting standards for clients.

Carmen is a former Board member of the AASB (2012 – 2020) and a former member of the IFRS for SME implementation committee (2020 – 2023).