The Notes That Trip You Up: Related Parties, Going Concern, and Subsequent Events

These areas look simple but cause serious reporting failures. This session explains why these disclosures matter and where mistakes happen.

2 CPD units 6 August 2026 1 presenter

What will set you apart

By completing this course you will gain the following competencies

How related party relationships are identified
Why related party disclosure matters
What going concern really means
When going concern becomes a problem
How subsequent events affect reporting
Where judgement is tested
Why these notes attract scrutiny

Event breakdown

Identifying related parties
Disclosure requirements
Understanding going concern
Indicators of financial distress
Subsequent events explained
Adjusting versus non adjusting events
Timing and judgement
Common reporting failures

Category: Assurance & reportingType: CPD CourseCPD category: Independent Review

Description

Related parties, going concern, and subsequent events are often treated as routine disclosures. In reality, they are high risk areas that attract attention during review and audit. This session focuses on how these areas work together and why poor judgement leads to serious reporting issues. Weak disclosure, late identification, and incorrect assumptions regularly undermine financial statements. This session strengthens understanding of responsibility, timing, and judgement. Getting these areas right protects credibility and prevents uncomfortable questions long after the numbers are finalised.

Presenters

Leana van der Merwe — Leana van der Merwe is a Chartered Accountant and Registered Auditor with over 18 years of experience in business accounting, audit and corporate governance. A former Audit Director and professional-body Technical and Standards Executive, she has guided more than 14,000 professionals through complex regulatory matters. Leana also serves on the PAFA Technical Advisory Group, the IFAC Anti-Money Laundering Committee and the IFRS Foundation SME Implementation Group.

You will earn a certificate

On successful completion you will receive a certificate for 2 CPD units in Independent Review.

Requirements

Laptop, desktop, or mobile device with internet access
Microsoft Edge, Google Chrome, Safari, or Firefox browser