Audit 102: Professional Skepticism - Finding Fraud and Error
2.00 Credits
Member Price $89
Non-Member Price $109
Overview
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. Professional skepticism is an essential attitude that enhances the ability to identify and respond to conditions that may indicate possible material misstatement, whether due to fraud or error. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
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
Prerequisites
None
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.
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
Preparation
None
Leader(s):
Leader Bios
Jennifer Louis, Business Learning Institute
Jennifer F. Louis, CPA, has more than 18 years of experience in designing and instructing high-quality training programs. In 2003 she formed Emergent Solutions Group, LLC, serving organizations by providing training services on a project-specific or parttime basis.
Most recently, Ms. Louis was executive vice president / director of trainingServices at AuditWatch, Inc., a premier training and consulting firm serving the audit profession. She began her career at AuditWatch as vice president of product development. Before joining AuditWatch, Ms. Louis was the financial/operational audit manager at AARP.
Ms. Louis also was an audit manager for Deloitte & Touche LLP. During her years at Deloitte & Touche’s Washington D.C. office, she was a frequent local and national instructor. She also served as an
instructor for the firm’s national “Train the Trainers” program.
Non-Member Price $109
Member Price $89