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Applying Professional Skepticism in an Audit (Self-Study)

Code: JI166020

Date Valid for one year from purchase date
Format Self-Study (On-Demand)
CPE credits CPE 4.5
Field(s)
of study
Auditing - Technical (4.5)
Fees
Standard member fee $79.00
checkmarkStandard nonmember fee $99.00

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Description

Audit inspection reports have identified issues about the level and consistency of professional skepticism being applied in audits. Additionally, the complexity of transactions and markets continues to increase, requiring auditors and managers to use more professional judgment during audit engagements.

This interactive course will provide an overview of professional skepticism, including what it is and why it is important in audit engagements. Featuring case studies to teach the content and concepts, this course will help participants gain knowledge about how to apply professional skepticism and techniques to enhance the use of professional skepticism in their own practice.

Who should take this program?

Auditors of any level who would like more insight into how to better incorporate professional skepticism into their audits.

Major subjects

  • Professional skepticism
  • Professional judgment
  • Judgement framework
  • Fraud triangle

Learning objective(s)

  • Recall the importance of professional skepticism to auditing in today's complex environment.
  • Recognize concerns raised about the level of skepticism in audit performance and steps the profession is taking to address concerns.
  • Identify factors that influence an auditor's use of professional skepticism.
  • Apply techniques that help to enhance your application of professional skepticism in an audit.

Notes:

Course code Code JI166020
Sponsor AICPA
NASBA ID#: 112891
Level Basic
Format Self-Study (On-Demand)
Prerequisites Prereq. None
Advance
prep
None