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3.0 Credits

The public places high value on an independent audit, as it 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. Professional skepticism is an essential attitude that enhances the auditor's ability to identify and respond to conditions that may indicate possible material misstatement, whether due to fraud or error.


  • Traits of a skeptical auditor
  • Fraud defined and explored, including examples of fraud indicators
  • Case studies related to applying professional skepticism on an audit
  • Exercise related to evaluating levels of audit evidence persuasiveness
  • The auditor's responsibility for illegal acts

Major Topics

  • Understand the importance of professional skepticism, especially when performing attest services
  • Recognize fraud responsibilities in a financial statement audit
  • Explain the varying levels of persuasiveness of audit evidence

Designed For

Professionals new to auditing