Instructor for this course

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.

Major Topics:

  • Understand the importance of professional skepticism, especially when performing audit or other attest services
  • Recognize specific fraud responsibilities in a financial statement audit
  • Explain the varying levels of persuasiveness of evidence to support assurance conclusions or opinions

Learning Objectives

  • Discover and discuss traits of a skeptical auditor.
  • Explore and explain applying professional skepticism on any assurance service.
  • Recognize and describe fraud, including examples of fraud indicators.
  • Identify and discuss the auditor’s responsibility for identifying and responding to fraud in a financial statement audit.
Last updated/reviewed: June 21, 2021

Included In Certifications

This course is included in the following Certification Programs:

13 CoursesAudit Training Level 1 - Beginning Staff

  1. Professional Skepticism - Creating a Mindset for Finding Fraud and Error
  2. Audit Documentation - Creating Workpapers That Pass Review
  3. Adapting to the Engagement - Differentiating the Requirements of Preparations, Compilations, Reviews, and Audits
  4. The Audit Risk Model - Understanding Foundational Principles
  5. Internal Control Fundamentals - Satisfying Audit Requirements for Evaluating Design and Implementation
  6. Auditing Cash - Applying Basic Skills to the Starting Point of Any Audit
  7. Auditing PP&E, Including Leases under Topic 842 - Digesting the Risks of Improper Treatment of Tangible Long-Lived Assets
  8. Auditing Inventory - Performing Required Observations and Other Common Procedures
  9. Analytical Procedures - Comprehending Financial Statement Audit Fundamentals
  10. Audit Reporting Fundamentals - Introducing Core Concepts in the Audited Financial Statement Drafting and Issuance Process
  11. AICPAs Code of Professional Conduct - Exploring the Foundational Principles Underlying the CPA Profession as a Whole
  12. Accounting Update - Hot Topics for Preparing Current Period Financial Statements
  13. Auditing & Attest Update - Hot Topics for Current Period Audits and Other Attest Services

2 Reviews (16 ratings)Reviews

Anonymous Author
gOOD HIGH LEVEL OVERVIEW OF PROFESSIONAL SKEPTICISM. Practical questions and examples help renforce the concepts.
Member's Profile
Good course on maintiaining professional skepticism throughout an audit.


Course Complexity: Foundational

No Advanced Preparation or Prerequisites are needed for this course.
Designed For: Professionals who perform audits or attest services.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
  0:39Introduction to Professional Skepticism - Creating a Mindset for Finding Fraud and Error
  16:13What is Professional Skepticism?
  21:57Applying Professional Skepticism
  7:21Professional Skepticism Case Studies
  8:39PCAOB Practice Alert Related to Professional Skepticism
  11:18Persuasiveness of Evidence
  11:26Auditors Responsibility for Fraud
  4:52Auditors Responsibility for Noncompliance
  13:30Real Life Examples of Fraud
  3:40Tips for Maintaining Professional Skepticism
Continuous Play
  1:39:35Professional Skepticism - Creating a Mindset for Finding Fraud and Error
Supporting Materials
  PDFSlides: Professional Skepticism - Creating a Mindset for Finding Fraud and Error
  PDFProfessional Skepticism - Creating a Mindset for Finding Fraud and Error Glossary/Index
Review And Test