Believe or Disbelieve - The Ideal Accountant Mindset- Professional Skepticism

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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 CPD Credit for Chartered Professional Accountant (CPA Canada)
2 CPE Credit for Certified Internal Auditors (CIA)
2 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
2 CPE Credit for Internal Audit Practitioner (IAP)
2 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
2 CPD Credit for Certified Financial Forensics (CFF)
2 CPE Credit for Certified Fraud Examiner (CFE)
2 CPE Credit for Certified Government Financial Manager (CGFM)
2 CPE Credit for Certified Management Accountants (CMA)
2 CPE Credit for Certification in Risk Management Assurance (CRMA)
2 CPE Credit for Certified Valuation Analyst (CVA)
2 CPE Credit for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
2 CPE Credit 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 for Accountant/Bookkeeper (ACCT./BK)
2 CPD Credit for Chartered Accountants - ICAEW
2 CPD Credit for Chartered Certified Accountants (ACCA)
2 CPD Credit for Chartered Accountants - Ireland (CAI)
2 CPD Credit for Chartered Accountants - Scotland
2 CPD Credit for CPA - Ireland

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

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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.
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