Thursday 14 June 2018


12:00 pm


1.5 CDP hours

Session Topic

Understanding new insolvency law and going concern implications

New insolvency laws have been legislated. They affect the exposure of directors and their responsibilities – you need to know them. A financial-reporting and auditing dimension comes with the changes. The session will focus on:

  • Understanding the major features of the new insolvency regime
  • Assessing how the changes might affect the going-concern basis of accounting
  • Revisiting the rules for going-concern disclosures from the perspectives of preparers and auditors, and
  • Re-examining audit-reporting rules for going concern.
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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.


Stephen Newman

Executive Counsel

Stephen is a corporate lawyer with extensive litigation experience, particularly in the Supreme Court and the Federal Court as well as with police fraud squads. Stephen has advised clients on fraud and fraud related issues including the design of relevant work policies, the recovery of defrauded assets from fraudsters, the making of insurance policies, and litigation against negligent professional advisers.