Online Training Course on
With the increased use of judgement in financial reporting in recent years, the ability to exercise professional scepticism is an increasingly important competency for accountants.
• So, what does ‘professional scepticism’ actually mean?
and, more importantly,
• How confident are you in exercising this all-important accounting skill?
This course explores some of the common areas where judgement is necessary
in financial decisions, and considers the appropriate response.
The course not only helps you exercise professional scepticism but also shows
you how to demonstrate it, and ultimately make professional scepticism part of
your organisation’s culture.
Professional Scepticism enables the learner to:
• Understand how professional scepticism is linked to judgement in financial reporting
• Successfully demonstrate professional scepticism at an appropriate level
• Use professional scepticism to account for non-financial assets and liabilities
• Apply professional scepticism in relation to fraud and other financial irregularity
“It provides an overview of a broad and complex field.”
|You can review this course using the questionnaire in the course completion area.|
Learning outcomes of Professional Scepticism
Concepts and requirements
• What is meant by the terms professional scepticism and professional judgement?
• How is professional scepticism linked to judgement in financial reporting?
• Why is professional scepticism a focus of the professional and regulatory bodies?
• What are the regulatory requirements?
Developing and demonstrating a sceptical mindset
• How is professional scepticism linked to audit quality?
• How can professional firms plan to enhance professional scepticism
amongst their staff?
• How can the application of professional scepticism be demonstrated?
• What is the relationship between auditor independence and
Judgement in accounting decisions
• How do I account for non-financial assets and liabilities?
• What difficulties are there involved in accounting for
• What scepticism is involved around the impairment of assets?
• What judgements is required in the assessment of going concern?
• What guidance is given on the assessment of going concern in difficult
Financial irregularities and non-compliance
• What types of irregularities might I have to deal with?
• How is scepticism applied in relation to fraud and other financial irregularity?
• How is professional scepticism applied when fraud is discovered?
• What if there’s a breach of law and regulations?
• What is fraudulent financial reporting?
Target audience for Professional Scepticism
This course is designed to appeal to people working in the accounting and finance industry at all levels.
About the Author of Professional Scepticism
Lisa Weaver is a professionally qualified lecturer with 15 years experience of exam-based, and CPD lecturing for accounting and finance professionals.
Lisa qualified ACA with Deloitte, and spent 4 years in audit practice, with clients ranging from major charities, multi-national organisations and listed companies to football clubs.
Since leaving audit practice, Lisa has lectured financial reporting, audit and governance subjects, developing and delivering CPD courses for qualified accountants working in industry and in practice.
Her clients have included KPMG, PWC, National Grid, British Energy, Orange, ACCA, AAT, ICAEW and CIMA. Lisa has delivered courses across Europe, the Caribbean, China and South East Asia and is regularly published in ACCA’s Accounting and Business journal.
Learners take their own route through the topics covered in the course. They will learn at their own pace through a variety of activities designed to accommodate a range of learning styles.
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