Professional Skepticism - Finding Fraud and Error

Overview

Description:
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.  A proper mindset, including professional skepticism, is a critical feature of a high-quality audit or other attest service.

Learning Objectives:
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

Program Content:
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

Who Should Attend?
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.

Developed By:
Emergent Solutions Group LLC

Instructor:
Jennifer Louis

Prerequisites

None

Preparation

None