Having a questioning mind, and appropriately challenging evidence that supports the propriety of transactions and events. This course will provide “real-life” illustrations of the critical role that professional skepticism plays in uncovering fraud, error and illegal acts.
Learning Objectives
Describe professional skepticism and the important role it plays in audits, reviews and other attest services
Explain how professional skepticism may lead to detection of fraud, errors and illegal acts
Discuss “real-life” scenarios in which professional skepticism was not properly applied by external accountants
Major Topics
Why professional skepticism is so important to detecting material fraud or error
What are an external accountant’s responsibilities for fraud, error and illegal acts in SSARS, SAS, and SSAE engagements
Illustrative examples of challenging the persuasiveness of evidence supporting the propriety of transactions and events
Provider
Business Learning Institute
Course Level
Basic
Professional Area of Focus
Accounting & Auditing
T Shaped Professional Strategic and Critical Thinking
CPE Field of Study
Auditing
2.0
Who Should Attend
Public accountants, industry accountants, internal auditors and others that need to monitor whether professional skepticism is being properly applied
