New Staff: Core Concepts —Introduction to Professional Skepticism – Part I

$109.00

Begin your journey to a skeptical mindset.

NASBA FIELD OF STUDY	LEVEL	CPE CREDITS
Auditing	Intermediate	Online: 1.5

ADVANCED PREPARATION	DELIVERY METHOD	PREREQUISITES
None	QAS Self-Study	None

SKU: 161302 Category: CPE Self-Study

This CPE course can be purchased individually, or as a part of the Audit Staff Essentials – New Staff: Core Concepts staff training bundle.

As a member of the audit profession, you play a vital role in applying a skeptical mindset to the work you perform. Professional skepticism is important, foundational, and critical —without it, we have not performed a proper audit.

Learn to strike a delicate balance.

In this CPE self-study course, you will learn to identify a mindset of professional skepticism in yourself and others and know how to exercise it appropriately. Learn to strike a delicate balance between providing objective and independent service, while maintaining a good relationship with the company being audited, specifically the company’s management and board of directors.

You’ll also delve into questions about a professional mindset through an illustrative case study.

Ratings and reviews

WHO WILL BENEFIT?

Recently onboarded staff
First-year staff
Firms that want consistent training and level setting

KEY TOPICS

The Link Between Professional Skepticism And Professional Judgment
Impediments To Professional Skepticism
Promoting Professional Skepticism In Firm Quality Control Systems
How Is The Profession Responding?

LEARNING OBJECTIVES

Recall what professional skepticism is and why it is important.
Review the requirements in U.S. auditing standards for professional skepticism.
Recall the connection between professional skepticism and professional judgment.
Identify situations that impede or foster your exercise of professional skepticism, including unconscious biases, and how to minimize impediment encountered.

CPE Credit Information

Important Notice Regarding CPE Credit
CPE self-study product descriptions make references to Recommended CPE Credit. These credits are based on a 50-minute hour. To better understand how to report your CPE credit, please read the information below carefully.

Reporting CPE Credits
CPE standards are established jointly by the AICPA and NASBA (the National Association of State Boards of Accountancy). The CPE standards affect the way credit is calculated for self-study courses. Before reporting credit, CPAs are advised to contact their state boards or other entities to which they report to determine their specific requirements.

Recommended CPE Credit is calculated in accordance with current CPE standards. CPE credit is recommended based on the results of pilot testing by CPAs. The average minutes spent by pilot testers on a course are divided by 50 to arrive at the recommended CPE credit. If your state board requires that credit for self-study courses be calculated based on a 50-minute hour, you would receive 10 credits for a course that averaged a completion time of 500 minutes.

A Note on CPE Course Content and “Interactivity”
In accordance with current CPE standards, all AICPA self-study courses elicit participant responses to test for understanding of the material, offer evaluative feedback to incorrect responses, and provide reinforcement feedback to correct responses. In this sense, they are considered “interactive.” In addition, all AICPA self-study courses meet the standards of interactivity as defined by many state boards.

We advise CPAs to consult with their state.

CPE Requirements for AICPA Members
From January 1, 2001 forward, and for each three-year reporting period thereafter, all AICPA members shall complete 120 hours or its equivalent of continuing professional education. Compliance can be achieved either by a formal program of education or by any other means, however measured, that would be reasonably expected to maintain professional competencies in the member’s area of practice or employment. Members shall report compliance with such requirement to the AICPA each year by paying membership dues and shall keep appropriate records and submit copies of such on request of the Institute. Members who are retired, unemployed or who have temporarily left the workforce are exempt from the AICPA’s CPE requirement. Members who place their license/certificate on inactive status with their state board of accountancy AND do not hold themselves out as CPAs are exempt from the AICPA’s CPE requirement as long as their state board does not require CPE while on inactive status.

Any course in the store is eligible for fulfilling these AICPA CPE requirements.

CPE requirements vary from state to state. Contact your state board for information concerning your state’s specific requirements.

CPE Requirements for the Yellow Book
The GAO’s Yellow Book, Government Auditing Standards, lays down certain CPE requirements. Auditors performing work under GAGAS, including planning, directing, performing field work, or reporting on an audit or attestation engagement under GAGAS, need to maintain their professional competence through continuing professional education (CPE). Therefore, each auditor performing work under GAGAS should complete, every two years, at least 80 hours of CPE that directly enhance the auditor’s professional proficiency to perform audits and/or attestation engagements. At least 24 of the 80 hours of CPE should be in subjects directly related to government auditing, the government environment, or the specific or unique environment in which the audited entity operates. At least 20 hours of the 80 should be completed in any one year of the two-year period. For details on the Yellow Book CPE requirements go to http://www.gao.gov/.

LEARN • AND • EARN CPE CREDITS

To Obtain CPE Credit for Self-Study
To obtain CPE credit for an AICPA self-study course (text, DVD- and VHS-based, and Webcast CD-ROMs), an individual must complete and pass the self-study exam included with the course. There are now two ways to submit your exam for grading: online or by mail. With online grading you can save time and enjoy the convenience of real-time exam results and printable certificates of completion. Information on how to submit the self-study exam online is included with your course materials.

If you choose to submit the paper exam answer sheet included with your course materials, simply complete the original exam answer sheet (no photocopies or faxes) and mail it to the AICPA for grading in the pre-addressed envelope provided. The paper grading process takes an average of five to seven business days from date of receipt. During peak reporting periods (June, Sept. and Dec.), the processing time may be 10 to 15 business days. The exam must be returned for grading within one year of purchase of the course. With a passing grade, you’ll receive an AICPA certificate of completion stating the course title, the date the AICPA Grading Service received your answer sheet, and the recommended number of CPE credits.

To Obtain CPE Credit for Group Study
Videocourse additional manuals are intended to be used only for group-study training and do not include a self-study exam answer sheet. When taking a video-based course for group-study CPE credit, please contact your State Board of Accountancy for information on how to obtain group-study credit. The exam should not be returned to the AICPA for grading.

Sponsor I.D. Numbers
Here are AICPA the sponsor numbers for the following CPE reporting jurisdictions:
National Registry: 141642
Illinois: 158-000880
New Jersey: 20CE00029900
Pennsylvania: PX-177106
Texas: 000215
All others: A-0001

The American Institute of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: http://www.nasbaregistry.org

System requirements

CPE On-Demand
AICPA’s online CPE courses will operate in a variety of configurations, but only the configuration described below is supported by our technicians.

A stable and continuous internet connection is required
In order to record your completion of the online learning courses, please ensure you are connected to the internet at all times while taking the course. It is your responsibility to validate that CPE certificate(s) are available within your My Account after successfully completing the course and/or exam.

Supported Operating Systems:

Macintosh OS X 10.10 to present
Windows 7 to present

Supported Browsers:

Apple Safari
Google Chrome
Microsoft Internet Explorer
Mozilla Firefox

Required Browser Plug-ins:

Adobe Flash
Adobe Acrobat Reader

Note: Your course will be accessible immediately after completing your purchase. Access instructions will be shown on the Order Confirmation Screen and included in your Order Confirmation Email.

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About the publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

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