myCPE
myCPE

Hidden Bias in Auditing and Improving Decision Making 1 Credit

Hidden Bias in Auditing and Improving Decision Making 1 Credit

  • Garrett Wasny

    MA, CMC, CITP/FIBP
  • Rating

    4.7
  • Published on

    December, 2024
  • Subject Area

    Auditing

Learning mode

On Demand
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate

Learning Objective

  • Identify unconscious biases affecting accounting judgments in auditing.
  • Analyze the impact of psychological factors on financial reporting integrity.
  • Develop strategies to mitigate cognitive biases in audit decision-making.
  • Apply critical thinking skills to enhance audit quality and professionalism.

Course Overview

Amidst the aftermath of recent accounting scandals, it becomes increasingly clear that the realm of auditing encompasses more than mere technical proficiency. Delving deeper into this perspective, our CPE course endeavors to unravel the complexities lying within the human psyche that influence auditing judgments.

Through an in-depth analysis of real-world scandals and inspection reports, attendees will gain a deeper understanding of how psychological pitfalls can compromise audit integrity. From confirmation bias to groupthink, this course will dissect the cognitive processes that underpin auditing decisions, challenging participants to confront their assumptions and preconceptions.

Moreover, this course doesn't just stop at diagnosis – it offers practical strategies and tools to mitigate psychological biases and enhance audit quality. Through engaging case studies, expert insights, and cutting-edge research, participants will learn how to cultivate a critical mindset and navigate the complex terrain of auditing with clarity and integrity.

Participants will embark on a journey to uncover the hidden psychological factors that influence financial reporting, shedding light on why even the most skilled auditors can fall prey to unconscious biases and subtle influences.

Key topics covered:

  • Real-World Insights
  • Combatting Unconscious Biases
  • Enhancing Critical Thinking
  • Maintaining the Highest Standards of Conduct

Don't miss this opportunity to elevate your understanding of the human element in auditing, and emerge equipped to uphold the highest standards of professional conduct.

On Demand Credits for All Qualifications

License details Credits Status
Auditing for Certified Public Accountants (CPA-US) 1 CPE Approved
CPA in Canada 1 CPD Eligible
Certified Internal Auditors (CIA) 1 CPE Eligible
Auditing for Certified Management Accountants (CMA) 1 CPE Eligible
Auditing for Delaware Licensed Public Accountant (DE-LPA) 1 CPE Eligible
Certified Government Financial Manager (CGFM) 1 CPE Eligible
Certified Fraud Examiner (CFE) 1 CPE Eligible
Internal Audit Practitioner (IAP) 1 CPE Eligible
Association of Chartered Certified Accountants (ACCA) 1 CPD Eligible
Chartered Accountant - ICAEW 1 CPD Eligible
Certification in Risk Management Assurance (CRMA) 1 CPE Eligible
Certified Internal Controls Auditor (CICA) 1 CPE Eligible
Certified Financial Forensics (CFF) 1 CPD Eligible
Qualification in Internal Audit Leadership (QIAL) 1 CPE Eligible
Auditing for Iowa Licensed Public Accountant (IA-LPA) 1 CPE Eligible
Auditing for Maine Licensed Public Accountant (ME-LPA) 1 CPE Eligible
Certified Controls Specialist (CCS) 1 CPE Eligible
Certified Government Auditing Professional (CGAP) 1 CPE Eligible
Chartered Accountants - Ireland (CAI) 1 CPD Eligible
Chartered Accountants - Scotland 1 CPD Eligible
CPA - Ireland 1 CPD Eligible

Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

Take charge of your career with MYCPE ONE’s online CPE courses designed for CIA professionals. Earn essential CIA CPE credits while expanding your expertise, all from the convenience of your schedule and location. Our courses dive into a variety of relevant topics, keeping you updated on the latest trends and developments in your field. With flexible scheduling and content led by industry experts, MYCPE ONE makes professional learning easy and impactful. Join us today to access powerful resources that help you grow and achieve your career goals. At MYCPE ONE, we’re here to be your trusted partner in success.

About Instructor

Garrett Wasny
Garrett Wasny , MA, CMC, CITP/FIBP

Account Executive, BUSINESS & INT’L TRADE EDITORIAL

  • 4.6
  • rating
  • rating
  • rating
  • rating
  • rating

Garrett Wasny, MA, CMC, CITP/FIBP, is an artificial intelligence skills advisor to accountants worldwide and Director of the forthcoming AI Accounting Future Forum. This groundbreaking platform is set to revolutionize how accounting professionals engage with artificial intelligence. A former Price Waterhouse management consultant, Garrett has authored 60+ ebooks, delivered thousands of seminars and webinars to elite accounting enterprises around the globe, and developed dozens of AI apps on accounting technology, tax and ethics topics. 

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

Excellent

Very Good

Average

Poor

Terrible

DS

Damian Sanchez, CIA
5

Very informative, relevant material taught by a highly qualified instructor. A great catalog of bias / errors in thinking and ways to minimize / eliminate their effects.

AV

Anneli Viljoen,
5

An enthusiastic presentation combining psychology, auditing and strategies to overcome identified shortcomings.

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