Applying Appropriate Professional Scepticism and Professional Judgment
CPD Hours: 2
Price: R450.00
Applying Appropriate Professional Scepticism and Professional Judgment
Presenters : Lettie Janse van Vuuren CA(SA)
Overview
Professional scepticism and professional judgment play a critical role in upholding the quality and credibility of audits, reviews and other assurance engagements. This webinar explores common pitfalls, practical application techniques and the ethical considerations tied to exercising sound judgment.
Join Lettie Janse van Vuuren CA(SA) as she unpacks how to apply appropriate professional scepticism and judgment effectively in everyday professional practice with integrity, objectivity and accountability.
Learning objectives
Attending this webinar will equip you with the following skills:
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Gain an understanding of the definition, importance and key characteristics of professional scepticism and professional judgment.
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Know the impact of professional scepticism and professional judgment on audit quality.
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Identify who holds responsibility for maintaining scepticism throughout the audit and explore practical ways to strengthen it.
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Understand the documentary requirements regarding professional scepticism and professional judgment.
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Be aware of the increased focus on professional scepticism and professional judgment by regulatory bodies.
Content
The webinar will cover the following topics:
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Introduction:
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The importance of applying professional scepticism and professional judgment.
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Definition and key characteristics.
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Concept of a questioning mind.
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The impact on audit quality.
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Possible barriers to professional scepticism.
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Who is responsible for scepticism?
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How to improve professional scepticism.
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Findings of the IRBA 2024 Public Inspections Report on professional scepticism and professional judgment:
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Key observations and recurring deficiency.
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Recommendations and remedial action.
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Documentary requirements regarding professional scepticism and professional judgment.
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Techniques for demonstrating professional scepticism.
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How to practice professional scepticism.
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Documenting your professional judgment.
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Regulatory focus.
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Reinforcement by the IAASB.
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Future support by the IRBA.
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Relevant articles by IFAC and other relevant role players.
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Conclusion.
