Objectives
Upon completion of this course participants will be able to:
- 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
Designed For
Public accountants, industry accountants, internal auditors and others that need to monitor whether professional skepticism is being properly applied
