True Sale Opinions - What You and Your Auditor Need to Consider

True Sale Opinions - What You and Your Auditor Need to Consider
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Price: $14.99
Credits: 1.0
Prerequisite: Basic Accounting Knowledge
Level: Basic to Intermediate
Model: KC050
Author: Kelen F. Camehl, CPA, MBA
Average Rating: Not Rated
Fields of study: Accounting
Format: PDF

Course Overview
A true sale opinion is an attorney’s conclusion that transferred financial assets have been sold and are beyond the reach of a transferor’s creditors and that a court would conclude that the assets would not be included in the transferor’s bankruptcy estate.  There are many considerations related to these types of opinions, perhaps most importantly is how they are evaluated and whether they can be relied on as evidence.  In this course, we explore many of the burning questions as it relates to true sale opinions.

Learning Objectives
Upon completion of this course, you will be able to:
•    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 nonconsolidation opinion


Revision Date: 10/12/2022

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
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