Professional Skepticism - Creating a Mindset for Finding Fraud and Error is a critical skill for audit and other attest services. The public places a high value on assurance services provided by an external public accountant, as the CPA's involvement directly enhances the degree of confidence intended users can place on the financial statements to make economic decisions.
DESIGNED FOR
Appropriate to use as a part of audit skills training for beginning auditors or as a refresher for experienced professionals on the critical role professional skepticism plays in audit and other assurance services.
BENEFITS
After attending this presentation, you will be able to...
- Identify traits of a skeptical auditor
- Recall applying professional skepticism on any assurance service
- Recognize fraud, including examples of fraud indicators
- Identify the auditor's responsibility for identifying and responding to fraud in a financial statement audit
HIGHLIGHTS
The major topics covered in this course include:
- The importance of professional skepticism, especially when performing audit or other attest services
- Specific fraud responsibilities in a financial statement audit
- The varying levels of persuasiveness of evidence to support assurance conclusions or opinions
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None