myCPE

Professional Skepticism: Creating a Mindset for Finding Fraud and Error 3 Credits

Mar 28, 2024, 09:00 AM ET

Professional Skepticism: Creating a Mindset for Finding Fraud and Error 3 Credits

  • Rating

    4.6

  • Reviewed on

    February, 2025

  • Subject Area

    Auditing

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Mar 28, 2024, 09:00 AM ET

Learning Objectives

  • To discuss the traits of a skeptical auditor.
  • To explain how to apply professional skepticism to any assurance service.
  • To describe fraud, including examples of fraud indicators.
  • To discuss the auditor’s responsibility for identifying and responding to fraud in a financial statement audit.
  • To analyze tips for maintaining professional skepticism.

Course Overview

The public places high-value 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. Meeting the requirement of applying professional skepticism during an audit is often quite a challenge. However, it is an expected skill that auditors must master if they want to produce valuable audits.

Professional skepticism is influenced by personal behavioral traits as well as the knowledge level of the individuals undertaking the audit. A proper mindset, including professional skepticism, is a critical feature of a high-quality audit or other attest service. It 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.

The following are the major topics covered in this CPE webinar:

  • Understand the importance of professional skepticism.
  • Recognize specific fraud responsibilities in a financial statement audit.
  • Applying Professional Skepticism.
  • Auditors' Responsibility for Noncompliance.
  • Tips for Maintaining Professional Skepticism.

This CPE Auditing webinar will give you an overview of professional skepticism so that you can sharpen this necessary skill.

If you are interested in audit courses, you might be interested in following Jennifer Louis. She specializes in Accounting and Auditing training, and Audit process consulting. 

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Auditing for Certified Public Accountants (CPA-US) 3 CPE Approved
Internal Auditing for Certified Internal Auditors (CIA) 3 CPE Eligible
Auditing for Certified Management Accountants (CMA) 3 CPE Eligible
Financial Statement Fraud Schemes for Certified Fraud Examiner (CFE) 3 CPE Eligible
Auditing for Delaware Licensed Public Accountant (DE-LPA) 3 CPE Eligible
Auditing for Certified Government Financial Manager (CGFM) 3 CPE Eligible
Auditing for Internal Audit Practitioner (IAP) 3 CPE Eligible
Auditing for Certification in Risk Management Assurance (CRMA) 3 CPE Eligible
Fraud Auditing and Forensic Accounting for Certified Internal Controls Auditor (CICA) 3 CPE Eligible
Auditing for Certified Financial Forensics (CFF) 3 CPD Eligible
Master Analyst In Financial Forensics (MAFF) 3 CPE Eligible
Auditing (Govt.) for Yellow Book Professionals 3 CPE Eligible
Auditing for Qualification in Internal Audit Leadership (QIAL) 3 CPE Eligible
Auditing for Iowa Licensed Public Accountant (IA-LPA) 3 CPE Eligible
Auditing for Maine Licensed Public Accountant (ME-LPA) 3 CPE Eligible
Fraud Auditing and Forensic Accounting for Certified Controls Specialist (CCS) 3 CPE Eligible
Auditing for Certified Government Auditing Professional (CGAP) 3 CPE Eligible
License details Credits Status
Auditing for Certified Public Accountants (CPA-US) 2 CPE Approved
Fraud risks for Certified Internal Auditors (CIA) 2 CPE Eligible
Auditing for Certified Management Accountants (CMA) 2 CPE Eligible
Fraud Risk Assessment for Certified Fraud Examiner (CFE) 2 CPE Eligible
Auditing for Delaware Licensed Public Accountant (DE-LPA) 2 CPE Eligible
Auditing for Certified Government Financial Manager (CGFM) 2 CPE Eligible
Auditing for Internal Audit Practitioner (IAP) 2 CPE Eligible
Auditing for Certification in Risk Management Assurance (CRMA) 2 CPE Eligible
Fraud Auditing and Forensic Accounting for Certified Internal Controls Auditor (CICA) 2 CPE Eligible
Fraud prevention, detection and response for Certified Financial Forensics (CFF) 2 CPD Eligible
Auditing for Master Analyst In Financial Forensics (MAFF) 2 CPE Eligible
Auditing for Qualification in Internal Audit Leadership (QIAL) 2 CPE Eligible
Auditing for Iowa Licensed Public Accountant (IA-LPA) 2 CPE Eligible
Auditing for Maine Licensed Public Accountant (ME-LPA) 2 CPE Eligible
Auditing for Certified Government Auditing Professional (CGAP) 2 CPE Eligible
Fraud Auditing and Forensic Accounting for Certified Controls Specialist (CCS) 2 CPE Eligible

Additional Information

Credits

3

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.

Looking to fulfill your Certified Fraud Examiner (CFE) CPE requirements? MY-CPE offers online CFE CPE Courses designed to help you earn valuable CPE credits while enhancing your skills and expertise in fraud examination and prevention. Our courses cover a wide range of topics relevant to the field of forensic accounting and fraud detection, ensuring you stay up-to-date with the latest trends and best practices. With flexible scheduling and expert-led content, MY-CPE provides a convenient and effective learning experience tailored to your needs. Join us today and take the next step in advancing your career as a Certified Fraud Examiner. 

About Instructor

Stay Ahead of the Game with Jennifer Louis CPD/CPE Webinars

Jennifer Louis , CPA (US)

President, Emergent Solutions Group LLC

  • 4.5
  • rating
  • rating
  • rating
  • rating
  • rating

Jennifer F. Louis, CPA has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering high-quality, practical, and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm. Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor. Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. Besides loving life on the lake with her husband in Charlotte, NC, she enjoys hiking with her little dog Frodo Beggins, and savoring any precious moments spent with her two young adult boys.

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.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

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

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your 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

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RM

Robert Montemorra, CFE

5

It was long but well worth the time. The presentation made me think a lot about the process. The corny jokes were pretty funny and well-meaning.

SGGM

Sanjuana G. Garcia, Mba, IAP

5

Great! I loved it. Thank you very much. It was very informative. I was not expecting to watch a fun auditing webinar. Kudos to the presenter :-)

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