Presentation is loading. Please wait.

Presentation is loading. Please wait.

Learning Objectives LO1 Introduce the concept of auditor responsibilities. LO2 Explain the importance of the study of ethics in helping define auditor.

Published byStanley Warner Modified over 8 years ago

Similar presentations

Presentation on theme: "Learning Objectives LO1 Introduce the concept of auditor responsibilities. LO2 Explain the importance of the study of ethics in helping define auditor."— Presentation transcript:

1 Learning Objectives LO1 Introduce the concept of auditor responsibilities. LO2 Explain the importance of the study of ethics in helping define auditor responsibilities. LO3 Outline the characteristics of professional skepticism and critical thinking. LO4 Analyze whether a PA’s conduct conforms to principles underlying provincial rules of professional ethics. 1

2 Professional Scepticism An inclination to question all material assertions made by management whether oral, written, or contained in the accounting records.  Balanced by a willingness to respect the integrity of management.  Results from the potential conflict of interest between management and users of financial information. LO3 2

3 Critical Thinking Framework The critical-thinking framework consists of principles, concepts and their application.  This framework provides structure to dealing with ethical and other issues.  Ethics is an important concept within the framework.  A questioning mind is a required precondition in the framework. LO3 3

4 Critical Thinking Goal: Do the right thing or learn the truth 1. Learn the views of others on the situation. 2. Identify the claims at issue. 3. Explain the reasons for the competing claims. 4. Evaluate the argument supporting the claim. 5. Reach a conclusion about the claim. LO3 4

5 Critical Thinking Professional judgment in auditing is essentially critical thinking on accounting issues and the evidence related to them.  This reasoning should be documented. LO3 5

Download ppt "Learning Objectives LO1 Introduce the concept of auditor responsibilities. LO2 Explain the importance of the study of ethics in helping define auditor."

Similar presentations

Code of Ethics for Professional Accountants

Code of Ethics for Professional Accountants
Financial Statements Audit

Financial Statements Audit
©2010 Prentice Hall Business Publishing, Auditing 13/e, Arens/Elder/Beasley 9 - 1 Materiality and Risk Chapter 9.

©2010 Prentice Hall Business Publishing, Auditing 13/e, Arens/Elder/Beasley Materiality and Risk Chapter 9.
CHAPTER 1 AUDITING AND THE PUBLIC ACCOUNTING PROFESSION Fall 2007 u What is auditing? u Types of Audits u Independent Auditor Relationships u Services.

CHAPTER 1 AUDITING AND THE PUBLIC ACCOUNTING PROFESSION Fall 2007 u What is auditing? u Types of Audits u Independent Auditor Relationships u Services.
Chapter 1 An Introduction to Assurance and Financial Statement Auditing McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights.

Chapter 1 An Introduction to Assurance and Financial Statement Auditing McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights.
Learning Objectives LO1 Explain the importance of auditing. LO2 Distinguish auditing from accounting. LO3 Explain the role of auditing in information risk.

Learning Objectives LO1 Explain the importance of auditing. LO2 Distinguish auditing from accounting. LO3 Explain the role of auditing in information risk.
Dr. Mohamed A. Hamada Lecturer of Accounting Information Systems Advanced Auditing Lecture 1 Assurance and Attestation Services.

Dr. Mohamed A. Hamada Lecturer of Accounting Information Systems Advanced Auditing Lecture 1 Assurance and Attestation Services.
Learning Objectives LO1 Understand the traditional approach to dealing with accounting uncertainty and going concern. LO2 Describe the main concepts of.

Learning Objectives LO1 Understand the traditional approach to dealing with accounting uncertainty and going concern. LO2 Describe the main concepts of.
Learning Objectives LO1 Explain the practical importance of professional ethics in audit decision making. LO2 Analyze whether a PA’s conduct conforms to.

Learning Objectives LO1 Explain the practical importance of professional ethics in audit decision making. LO2 Analyze whether a PA’s conduct conforms to.
Learning Objectives LO1 Describe the current audit environment, including developments in regulatory oversight and provincial regulation of public accountants.

Learning Objectives LO1 Describe the current audit environment, including developments in regulatory oversight and provincial regulation of public accountants.
Discussion on SA-500 – AUDIT EVIDENCE

Discussion on SA-500 – AUDIT EVIDENCE
Learning Objectives LO1 Describe the current audit environment, including developments in regulatory oversight and provincial regulation of public accountants.

Learning Objectives LO1 Describe the current audit environment, including developments in regulatory oversight and provincial regulation of public accountants.
Learning Objectives LO1 Describe the conceptual audit risk model and its components. LO2 Explain the usefulness and limitations of the audit risk model.

Learning Objectives LO1 Describe the conceptual audit risk model and its components. LO2 Explain the usefulness and limitations of the audit risk model.
Assurance Services and Auditing Research Chapter 8.

Assurance Services and Auditing Research Chapter 8.
Assurance, Attestation, and Internal Auditing Services

Assurance, Attestation, and Internal Auditing Services
1 ACC 3303: AUDITING 2 Assurance Services ?? Need for Assurance ? Illustration using an Audit Engagement as an example.

1 ACC 3303: AUDITING 2 Assurance Services ?? Need for Assurance ? Illustration using an Audit Engagement as an example.
Assurance Services and Auditing Research Chapter 8.

Assurance Services and Auditing Research Chapter 8.
© The McGraw-Hill Companies, Inc., 2008 McGraw-Hill/Irwin 1-1 Financial Accounting THIRTEENTH EDITION Williams Haka Bettner Carcello.

© The McGraw-Hill Companies, Inc., 2008 McGraw-Hill/Irwin 1-1 Financial Accounting THIRTEENTH EDITION Williams Haka Bettner Carcello.
2-1 McGraw-Hill/Irwin ©2002 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 2 Professional Standards: “The Rules of the Road”

2-1 McGraw-Hill/Irwin ©2002 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 2 Professional Standards: “The Rules of the Road”
Auditing April 1, 2015 1 Chapter Two The CPA Profession just skim the section on Generally Accepted Auditing Standards Page 32-36.

Auditing April 1, Chapter Two The CPA Profession just skim the section on Generally Accepted Auditing Standards Page

Similar presentations

Ads by Google