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Believe or Disbelieve - The Ideal Accountant Mindset- Professional Skepticism 2 Credits

Believe or Disbelieve - The Ideal Accountant Mindset- Professional Skepticism 2 Credits

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 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.

Course Overview

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

On Demand Credits for All Qualifications

License details Credits Status
Auditing for Certified Public Accountants (CPA-US) 2 CPE Approved
Internal Auditing for Certified Internal Auditors (CIA) 2 CPE Eligible
Auditing for Certified Management Accountants (CMA) 2 CPE Eligible
Auditing for Certified Fraud Examiner (CFE) 2 CPE Eligible
Auditing for Delaware Licensed Public Accountant (DE-LPA) 2 CPE Eligible
Auditing for Internal Audit Practitioner (IAP) 2 CPE Eligible
Auditing for Certification in Risk Management Assurance (CRMA) 2 CPE Eligible
Auditing for Certified Financial Forensics (CFF) 2 CPD Eligible
Certified Internal Controls Auditor (CICA) 2 CPE Eligible
Auditing for Qualification in Internal Audit Leadership (QIAL) 2 CPE Eligible
Auditing for Certified Government Auditing Professional (CGAP) 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
Certified Controls Specialist (CCS) 2 CPE Eligible

Additional Information

Credits

2

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.

About Instructor

Elevate Your Career with Michel Morley's CPE Courses at myCPE

Michel Morley

Founder, Mike Morley

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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.

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

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Average (19%)

Poor (6%)

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Frederick Bresswein, CPA (US)

5

Informative and an actual learning experience

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Sergio Castillo, CRTP

3

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