Professional Skepticism and Maintaining the Public Trust

Authored by Joanne Flood, CPA-MBA
About this Course
In this course, you will benefit from the experience of other auditors as you listen to their stories and participate in an interactive video, based on a real-life case. You'll discover what they did wrong and what they did right and learn to look at particular areas of susceptibility with revenue, receivables, loans, and contingent liabilities. You'll learn what skepticism is and learn that your allegiance is not to the owner of the business, but to the banker.
Learning Objectives
  • Explain the court's view of an auditor's responsibility to third-party financial statement users
  • Analyze the elements of a skeptical attitude
  • Identify the elements of professional skepticism when evaluating audit evidence, performing audit procedures, and making client inquiries
Key Topics
  • General concerns regarding an auditors allegiance
  • Professional skepticism, broadly defined
  • Necessary skills for being appropriately skeptical
Who will it benefit?
New Staff covers key areas to ensure auditors are well prepared to begin their careers. The Audit Staff Essentials Level I courses establish a strong set of core skills necessary for junior staff growth.
$ 125.00
AICPA Member Price: $ 99.00
Course is unavailable for purchase.
NASBA Field of Study
CPE Credits
Delivery Method
QAS Self-Study
Advance Preparation
Last Updated