Self-Study

Application of Professional Skepticism

  • Thursday, August 15, 2019 – Thursday, April 30, 2020

  • 1.5
    CREDITS
    Auditing

Professional skepticism should be ingrained in our work every day - from the time we arrive to the time we depart. It should be on our minds from planning to wrap-up. It is critical we keep the core concepts of professional skepticism in mind at all times.

The companion chapter, Audit Staff Essentials New Staff: Core Concepts, "Introduction to Professional Skepticism," covered the basics of professional skepticism, including our professional requirements under generally accepted auditing standards (GAAS); the link between professional skepticism and professional judgment; and impediments and mitigation techniques integral to the use of professional skepticism.

In this chapter, as in the companion chapter, a case study approach is used to illustrate and delve into further concepts related to professional skepticism, including additional factors that can impair our skepticism, the role of ethics, and a look at the tools we use to apply our skills. First, a broad look at the guidance that applies.

Objectives

Identify internal and external factors that affect the auditor's application of professional skepticism and judgment influences that lead to less-than-optimal decision-making.
Recall the connection between professional ethics and professional skepticism.
Recall how and when to use a judgment framework.
Identify good practices for documenting professional skepticism.

Highlights

Internal and external factors affecting judgment
Role of ethics
Review of biases
Professional judgment and professional skepticism
The decision-making process

Additional Information

Designed For

Experienced Staff and New In-Charge Auditors

Vendor

American Institute of CPAs

Credits

1.50 Auditing

Course Number

19AIS216

Level of Knowledge

Intermediate

Add to Cart

View All Courses