To believe or disbelieve ... that is the question often faced by CPAs in public accounting and by accountants and financial professionals in business and industry. This workshop addresses the mindset of professional skepticism that is often required in a variety of settings. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
- Understand how professional skepticism applies to both accounting and professional ethics.
- Explain the perspectives, purposes and content of authoritative pronouncements regarding professional skepticism on the part of auditors.
- Identify areas of accountants' dependence on management assertions, including areas where professional skepticism may require corroboration.
- Appreciate the need to find a balance between belief and disbelief in response to management assertions.
Major Topics
- The Professional Skepticism "Mind Set"
- Recent Pronouncements
- Professional Skepticism as Diligence
- Cases and Controversies
- Conclusion
