Friday 14 April 2017


12:00 am


1.5 hours

Session Topic

Professional scepticism – getting it right

Auditing standards define professional scepticism and require its application in many phases of the audit. ASIC’s financial-reporting and auditor-surveillance programs, corporate restatements and negligence claims reveal examples where scepticism has been lacking. This will session:

  • Review the requirements of auditing standards concerning professional scepticism and link them to rules regarding risk-based auditing and audit evidence
  • Report on latest developments in the practical application of professional scepticism
  • Identify how scepticism should be documented in the audit file, and
  • Describe what should be in your scepticism audit policy.
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This session is presented by:

Colin Parker

Principal | GAAP Consulting | Financial Reporting Expert

Colin, Principal of GAAP Consulting, is an expert in financial reporting, auditing and related governance issues, and was previously a member of the Australian Accounting Standards Board.

He has conducted many independent expert and consulting experts reports on professional negligence, and accounting and auditing standards. He is the team leader advisory and litigation services and adviser to GAAP Training and Reportfraud.