2.5 CPE 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: August 4, 2023
Included In Certifications
This course is included in the following Certification Programs:
13 CoursesAudit Training Certification - Level 1 - Beginning Staff
- Professional Skepticism - Creating a Mindset for Finding Fraud and Error
- Audit Documentation - Creating Workpapers That Pass Review
- Adapting to the Engagement - Differentiating the Requirements of Preparations, Compilations, Reviews, and Audits
- The Audit Risk Model - Understanding Foundational Principles
- Internal Control Fundamentals - Satisfying Audit Requirements for Evaluating Design and Implementation
- Auditing Cash - Applying Basic Skills to the Starting Point of Any Audit
- Auditing PP&E, Including Leases under Topic 842 - Digesting the Risks of Improper Treatment of Tangible Long-Lived Assets
- Auditing Inventory - Performing Required Observations and Other Common Procedures
- Analytical Procedures - Comprehending Financial Statement Audit Fundamentals
- Audit Reporting Fundamentals - Introducing Core Concepts in the Audited Financial Statement Drafting and Issuance Process
- AICPAs Code of Professional Conduct - Exploring the Foundational Principles Underlying the CPA Profession as a Whole
- Accounting Update - Hot Topics for Preparing Current Period Financial Statements
- Auditing & Attest Update - Hot Topics for Current Period Audits and Other Attest Services
100 Reviews (452 ratings)
Reviews
Anonymous
(Consultant)
I liked the real world examples with succinct descriptions of the three pillars of fraud. Good to keep in front of mind as an auditor.
Anonymous
()
It was a good review of why auditors should use professional skepticism and not forget that you can't trust because people are nice.
Anonymous
()
Slides were easy to follow and presentation was done well - overall a nice refresher course.
Anonymous
()
fun class, very interesting, i enjoyed it. I like taking classes about audit and accounting
Alejandro Mattiuzzo
( at IBT)
Good breakdown of professional skepticism and how it applies to audit engagements.
Sarah Anchecta
(ACM Accountant at Houton Methodist)
Jennifer was engaging and informative, highly recommend this course!
Daniel BAYES
( at capcom)
Comprehensive course with balance between some real life examples and general explanation of policy. Instructor creates all of her classes to be interesting and relevant by focusing on the most important areas, also as a subject expert she can narrate freely without simply reading the slides, and also we get chapter-end riddles :))) Classes are more advanced than most on Illumeo, which I appreciate.
Carter Tate
( at JB Hunt Transportation)
As an ex-public accountant now working in industry, this course was an excellent refresher on the importance of professional skepticism. While it focused on the audit setting, it still held value to encourage all accountants to evaluate data, assumptions, and work product with skepticism to promote integrity in any work environment.
Anonymous
()
The CPA's obligations as they relate to fraud are far less defined than the technical expertise they obtain during school studies and field work, and this course does a good job of emphasizing that. Professional skepticism is less of a technical skill and more of a soft skill, and this course did a good job of distinguishing.
Margo Palmer
( at NA)
This course was well worth the time. Maintaining professional skepticism is obviously easier said than done. All CPAs (not only auditors, be also those dealing with tax clients and those working in industry) should practice maintaining a sense of skepticism. The result will always be a better work product.
Anonymous
(Financial Analyst)
Great course on the basics of professional skepticism, an invaluable trait to have as a member of any engagement team. Even after transitioning into an industry position, this remains an area of heightened importance and this course has reaffirmed my commitment to high integrity.
Anonymous
(Consultant)
Engaging speaker. I enjoyed the real life examples and the brain teasers at the end of each section. This was a very informative course and the mixing in of discussion questions, pulse checks, examples and the case studies helped to solidify the concepts being presented.
bruce quayle
(accountant at Charter Communications)
loved this class. She was well prepared and had great knowledge of the subject discussed. this was my first course I followed with her and I will definitely be looking for more produced by her. I recommend to anyone interested in learning about fraud to take the course.
Anonymous
(Accountant)
I liked that the instructor for the course presented the material in such an informative and accessible manner for others to understand. She provided excellent examples and analogies for participants to follow and truly grasp the explained concepts.
Lory Deoleo
(Senior Auditor at Novelis)
This course enhanced my understanding of professional skepticism. The instructor had very helpful examples to help make the concept more practical. This course was actually really smooth to follow through!
Anonymous
()
Great course for auditors and those in industry alike. Being in industry it is important to have the soft skills discussed to determine if mistakes are being made within an entity or by management.
Anonymous
(Senior Internal Auditor)
This was a good refresher on the topic of Professional Skepticism. Though an experienced auditor, I still learned some new things. I think it would also be a great course for new auditors to take.
Anonymous
()
Great overview of the aspects of financial statement audit related to identifying and detecting misstatements whether whether those misstatements are due to fraud or misrepresentation.
Anonymous
(Staff)
I think that all people in accounting would benefit greatly from this course. I liked this course because it is a good reminder of what to look out for when auditing a client.
Joe Isaacs
(Unemployed at N/A)
Ms. Louis gave clear explanations and strong real examples of what fraud is and the required professional skepticism is. The course was well laid out and well presented.
Anonymous
(None)
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Anonymous
(Director of FInance)
This course was a good review of professional skepticism. The examples were good and the speaker added some humor to the subject. The speaker did a great job1
Anonymous
(Controller)
Detailed and clear explanations of the necessary mindset to find fraud and error. Examples in the evidence overview is broken down to an easy way of learning.
Anonymous
(Systems and Procedures Analyst)
The Professional Skepticism-Creating a Mindset for Finding Fraud and Error course was beneficial, because of how serious fraud has become in the work place.
Anonymous
(Accounting Manager)
This course was a great mix of real world fraud examples and concrete information on how to have professional skepticism. The jokes were funny, too.
Anonymous
()
Great course that really gave me some good things to think about as I reflect on the controls environment and risk of fraud within my own organization.
Jessica Williams
( at Thrive Market)
The instructor was very engaging and did a great job of not just reading the slides on the page. Her additions were meaningful. I enjoyed this course!
Hermine Taylor
( at Hermine Taylor)
Truly an eye opener as to what is required from outside auditor's and why the ask for the evidence and supporting documents during the audit process.
Anonymous
(Partner)
I believe that these fraud classes are much more valuable than the annual ethics classes that our state board mandates that we have annually.
Anonymous
()
A very useful and helpful refresher on how important professional skepticism. If something appears off you should follow your instincts.
Anonymous
(Franchisee)
I enjoyed this course as a refresher of how and why to maintain professional skepticism. The real world examples are always interesting.
Anonymous
(Grey Market Program Manager)
This gives a good crash course on how and where to apply professional skepticism in your day to day work. Extremely useful for auditors!
Anonymous
(Internal Auditor Manager)
Material were relevant to the objectives, well taught and easy to follow. Appreciated the fun questions at the end of the sections.
Andy Williams
(CFO at Foursight Capital)
Instructor was interesting and stayed engaging throughout. Good review of professional skepticism and fraud prevention and detection.
Erica Claudin
(Director, Financial Reporting at Charter Communications)
i thought this was a solid course and i liked the real-world examples because it made the topic more interesting and tangible.
Raveendran Madappattu
View Instructor Profile
Excellent coverage with great examples of professional skepticism and maintaining it throughout audit engagements. Kudos!!!!!
Sandra Heelan
(CPA, CFE, MBA at None)
Great course relating to an attitude of professional skepticism and the need for it in detecting fraud. Easy to understand
Anonymous
(Auditor)
This course was good. There was a lot of good information I could use on the job. Specially persuasiveness of evidence.
Joshua Thomas
(Senior Auditor at CBP DHS GOV)
The course was great! It provided a number of things to consider when determining material misstatement due to fraud.
Anonymous
(-)
gOOD HIGH LEVEL OVERVIEW OF PROFESSIONAL SKEPTICISM. Practical questions and examples help renforce the concepts.
Anonymous
()
This was a great course and was very informative. It was a good refresher on the area of professional skepticism.
Anonymous
()
Good case study examples in this Professional Skepticism course and how auditors should be viewing risk of fraud.
Anonymous
()
The course provides interesting examples of fraud and explains the auditor's role in identifying fraud and error.
Christopher Koyama
( at Koyama)
straight forward refersher course on fraud professional skepticism auditors responsiblity and real life examples
Laura Stebelton
(Controller at AVL Growth Partners)
She is a great presenter and doesn't just read off the slides. She tries to make the presentation entertaining.
Damon Houterman
(Managing Director at The Jim Pattison Group)
This course is a great review of Professional Skepticism - Creating a Mindset for Finding Fraud and Error
Matthew Vogler
(Finance Manager at Cisco Systems Inc.- FCRM)
This was a helpful course which used the allotted time effectively to meet the stated learning objectives
Maya Walker
(Global Controller at Fourth Enterprises)
Enjoyed the puns and examples. The instructor offers helpful insights
and perspectives on this topic.
Anonymous
()
This is a good course. I would recommend everyone in the world take this fantastic beauty of a course.
Anonymous
()
Good content and I recommend this course. Thanks!
Anonymous
(Senior Accountant)
Excellent course with great examples and real-world situations to demonstrate the course objectives.
Anonymous
(Internal Auditor)
A good fraud overview course. Recommend for those with a beginner's level understanding of fraud.
James Faranda
(Auditor at CBP DHS GOV)
well done. Can't decide if I like or dislike the corny jokes at the end of a few of the segments
Sam Grosoff
(Associate at RSM)
I thoroughly enjoyed this course and look forward to utilizing the information in my job today.
Anonymous
(Senior, SEC Reporting)
great review of the important of having a questioning mind in the accounting and finance field.
Anonymous
()
The course was good and engaging in nature. It has practical reminders to use in everyday work.
Thor Bendickson
(Principle at TRB Consulting)
Good practical advice, and pertinent examples, but especially loved the brain break jokes!...
Richard Thompson
(Senior Accountant at Charter Communications)
Comprehensive review of attitude necessary to conduct audits with an open, questioning mind.
Anonymous
(Senior Internal Auditor)
This course was refreshing. The instructor was effective in presenting the course matrials.
Anonymous
(OWNER)
It is a well covered material and lucidly presented. Real life examples of fraud are bonus.
Anonymous
(Investment Accounting Bureau Chief)
This course provides excellent insights into a healthy level of professional skepticism.
Anonymous
(System Procedure Analyst)
Need to have an understanding of all procedures pertaining to fraud in the auditing fields
Anonymous
(Consultant)
It would be nice to think we live in a world without fraud but that is wishful thinking.
Anonymous
(Accounting Manager)
This course serves as a good reminder prior to an audit engagement for all participants.
Anonymous
()
This was a helpful overview of professional skepticism and its application. Thank you.
Anonymous
(Cpa)
Good course to take good speaker enjoy the goofy puns. Questions are straight forward.
Anonymous
()
Interesting real world examples and helpful discussion of potential areas of fraud.
Anonymous
(Director)
instructor is great, very useful content; material is useful for day-to-day jobs.
Rich Canote
(Consulting CFO at Engine Room)
Informative course. The jokes while I appreciate the intent were a bit corny.
Anonymous
(Controller)
Provides a great reminder that we should always use professional skepticism.
Lorene Johnson
( at SeaOne Holdings)
Good content and presentation, appreciate the dad jokes randomly tossed in.
Anonymous
(Senior Auditor)
Review was a good overview of Professional Skepticism with helpful examples.
Anonymous
(Accountant)
Great course, clear and concise, would recommend others to take this course
Anonymous
()
The information in this course was presented in a clear and consice manner.
Anonymous
()
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Anonymous
(Staff Accountant)
This course was informative and a good review of professional skepticism.
Anonymous
()
Good review of what professional skepticism is and how to exercise it.
Sean Flynn
(Accounting Manager at Rosemawr Management)
Good course on maintiaining professional skepticism throughout an audit.
Anonymous
(Client Service Executive)
Great course to study! meaningful and informative.I love it! Thank you.
Chris Hole
(Director of Internal Audit at Roseburg Forest Products)
Good overview, particularly the part about persuasiveness of evidence.
Muhammad Baig
(Managing Director at N/A)
Well-balanced description of various concepts pertaining to the topic.
Anonymous
(Program Manager - Net Revenue)
Good content - instructor was thorough and provided good case studies
Anonymous
(Finance)
Great contents. It showed all the important points what to look for!
Tyler Ellens
(Staff Acountant at Evenhouse & Co. P.C.)
Great explanation of information and good examples of application
Patty Holley
( at HOLLEY FINANCIAL)
good info, have to write more to get score, have to keep writing
Anonymous
()
Great class! I'm not an auditor but I could follow this easily.
Anonymous
(Director)
good training, lots of reminder about professional skepticism.
Anonymous
(Director)
Very useful refresher on maintaining professional skepticism.
Anonymous
(Financial Reporting)
Information and presentation was well laid out and organized.
Anonymous
()
Instructor is very nice and keeps the discussion interesting
Oksana Sofron
(Accountant at none)
Great topic and great test questions. Effective presenter.
Anonymous
()
The course was a good refresher on maintaining skepticism
Anonymous
()
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Angela Storozuk
(Accounting Manger at Rexel USA)
Very thorough and good to see the auditor's perspective.
Inna Shmukler
(Controller at Fornetix LLC)
Very informative course. Well organized and presented.
Anonymous
(Senior Revenue Manager)
I enjoyed this course, and I found it very informative
Debbie Banks
( at Banks Accountancy LLC)
Good course. The real life examples are very helpful.
Anonymous
(Finance Manager)
Great real life examples used throughout the course.
Anonymous
(Sr Accountant)
Loved the examples provided throughout the course.
joseph keating
( at Hingham Municipal Lighting Plant)
very good course well structured and good examples
Prerequisites
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
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
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
.
Jennifer LouisCPA, President of Emergent Solutions Group LLC
About Illumeo
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- Email: info@illumeo.com
- Phone: 408-400-3993
- Adress: 1608 W Campbell
- Av #221, Campbell, CA 95008
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