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During this presentation I will be answering the following questions: What is the difference between the following? 1. Technical or factual insolvency 2. Commercial insolvency 3. Financially distressed 4. Going concern problems 5. Fraudulent or reckless conduct 6. Common law fraud When does any form of insolvency become an irregularity? When does insolvency constitute an offence or infringe a statutory or common rule? When should the auditor report insolvencies? When should the independent reviewer report insolvencies? When should the accounting officer report insolvencies? When must the directors of a company perform a solvency and liquidity test? Under which circumstances will the Commission issue a notice to a company to cease trading? What effect will the following have on the insolvency position of a company? 1. Subordination agreements 2. Letters of comfort 3. Guarantees 4. Letters of support What type of liability could an auditor, independent reviewer, accounting officer or director of a company of a director incur for not dealing in an appropriate manner with any form of insolvency

All accounting professionals and their staff will benefit from this presentation.

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