CPDStore

The course provides an overview of key early warning signs of financial stress and/or destress and considers the accountant’s role in best advising their client during this time. We consider the key insolvency processes and procedures including the key differences, benefits, and pitfalls. Finally, we briefly consider the Director’s duties, the changing duty to act in the best interest of creditors once they identify they may be insolvent and how Directors can best protect themselves from challenge and potential personal liability following a company failure.

In this webinar Shaun Hudson will cover the following topics:

• Early warning signs of financial stress or distress
• Benefits of early advice
• Director’s common law and statutory duties
• Common insolvency processes and procedures
• Consequences to directors for breaching duties

By attending this webinar, accountants will leave the session with a good understanding of directors’ duties and importantly, when their clients should seek advice and take proactive steps to act in the best interest of creditors and thereby mitigate potential personal liability.

This webinar will be of most interest to accountants and business owners.

Course level: Intermediate