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Believe or Disbelieve - The Ideal Accountant Mindset- Professional Skepticism

  • Accountant
  • CRMA
  • CPA/CFF
  • CFE
  • CGAP
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • IAP
  • QIAL
  • CBA/MCBA
  • CFIRS
  • CWS

Published: March, 2022

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Key components of professional skepticism
    12 mins
  • What is Authenticity?
    22 mins
  • Knowing when professional skepticism is used
    35 mins
  • Others using professional skepticism
    52 mins
  • Related party relationships and disclosures
    69 mins
  • Shared responsibility
    87 mins

Course Description

To believe or disbelieve, is the question often faced by CPAs in public accounting and by accountants and finance professionals in business and industry. This online CPE webinar addresses the mindset of professional skepticism that is often required in a variety of settings.

Meeting the requirement of applying professional skepticism during an audit is often quite a challenge. However, it is an expected skill the auditor must master if they want to produce valuable audits.

Audit inspection reports have identified issues about the level and consistency of professional skepticism being applied in audits, in particular, in areas that require high levels of professional judgment. Additionally, the complexity of transactions and markets continues to increase, requiring auditors and managers to use more professional judgment during audit engagements. Professional skepticism is influenced by personal behavioral traits as well as the knowledge level of the individuals undertaking the audit. This highly interactive online continuing professional education course uses case studies to provide an overview of professional skepticism, including what it is and why it is important in audit engagements.

By using this online CPE webinar’s overview of professional skepticism in auditing, you will have an opportunity to hone this necessary value-add skill.

Although professional skepticism is as much an art as it is a science, applying professional skepticism is a series of deliberate, exact steps that are tempered with solid judgment and even a little intuition.

Major Topics Covered in this online CPE webinar:

  • How the PCAOB sets out expectations for the use of professional skepticism?
  • How to use differing yet very effective levels of skepticism?
  • How to resolve ambiguous audit data?
  • How to deal with material that puts into doubt the dependability of records?
  • How to manage information that is not supportive of the audit?
  • How to recognize situations that might be attempts at fraud by management or employees?
  • How to successfully settle with management that might be hiding pertinent data?

Click here for more webinars on Accounting & Auditing

Learning Objectives

  • To develop an appropriate and effective level of professional skepticism.
  • To analyse when to use professional skepticism to achieve minimum audit process standards.
  • To practice how to get what you need as an auditor.
  • To discuss how professional skepticism works as a powerful tool, and why it is an absolute requirement.
  • To discuss some tricks and see examples of solving particularly delicate situations.

Recommended For

  • This online CPE webinar is IIA approved and is recommended for CPAs, CIAs and Auditors of any level who would like to incorporate or improvise professional skepticism skill into their audits.

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Auditors
  • Certified Public Accountant (CPA)
  • Chartered Professional Accountant
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 2 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
  • 2 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
  • 2 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
  • 2 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
  • 2 CPD Credit of Auditing for Certified Financial Forensics (CFF)
  • 2 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
  • 2 CPE Credit of Auditing for Certified Government Financial Manager (CGFM)
  • 2 CPE Credit of Auditing for Certified Management Accountants (CMA)
  • 2 CPE Credit of Auditing for Certification in Risk Management Assurance (CRMA)
  • 2 CPE Credit of Auditing for Certified Valuation Analyst (CVA)
  • 2 CPE Credit of Auditing for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 2 CPE Credit of Auditing for Certified Government Auditing Professional (CGAP)
  • 2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 2 CE Credit for Certified Wealth Strategist (CWS)
  • 2 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals

Additional details

  • Course Level :
    Basic
  • Credits :
    2
  • Instructional Method :
    QAS Self Study
  • 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 through its website: www.NASBARegistry.org.

Presenter

About Presenter

Michel Morley

Founder, Mike Morley

Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.

An entertaining and informative speaker and trainer, Mike is the author of:

“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

 “Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

3.8

20 Ratings

Excellent

7

Very Good

5

Average

5

Poor

3

Terrible

0

SC

Sergio Castillo, CFE

Mar 29th, 2022

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