Keys to Maintaining Objectivity and Professional Skepticism
Total Credits: 2 including 2 Auditing- Technical
- Average Rating:
- 203
- Categories:
- Accounting and Auditing | Partner Produced
- Faculty:
- Lynn Fountain, CGMA, CRMA, MBA
- Course Levels:
- Intermediate
- Duration:
- 2 Hours
- License:
- Product Setting: Expires 30 day(s) after program date.
Description
Every professional faces situations and scenarios where they feel their independence and objectivity related to an issue is impaired. They may feel pressured by management to minimize their report findings or, in some cases, look the other way. When these situations occur, professionals are faced with the dilemma of "what do I do?" or "how do I handle this situation?". These are the types of scenarios for which our university programs and business schools do not adequately prepare us. Experience can often be a good teacher. However, all individuals should be armed with some basic concepts that will prepare them to choose the right path when such difficult situations occur.
This course is designed to prepare professionals for those difficult situations by sharing key concepts to maintaining objectivity. After completing this course, you should understand how to ensure your work can be represented as independent and objective, and ultimately provide the greatest risk mitigation to your company.
Basic Course Information
Learning Objectives- Explore the requirements of professional skepticism
- Explore the rules defining independent roles
- Identify the difference between legality and ethics
- Explore the top five techniques to execute independence
- Explore the top five techniques to assist when employing objectivity
- Recognize what to do when management challenges you
Major Subjects
- Introduction to maintaining objectivity and professional skepticism
- Objectivity vs. independence
- Techniques to ensure independence
- How objective are you?
- Objectivity actions
Course Materials
| Important CPE Credit Information_READ BEFORE WEBCAST UPDATED (0.47 MB) | Available after Purchase | ||
| Keys to Maintaining Objectivity and Professional Skepticism_Handout_Lynn Fountain_October 11, 2018 (0.22 MB) | 39 Pages | Available after Purchase |
| Professional Skepticism (Q&A) (13.6 KB) | Available after Purchase | ||
Faculty
Lynn Fountain, CGMA, CRMA, MBA Related Seminars and Products
Lynn Fountain has over 37 years of experience spanning public accounting, corporate accounting and consulting. 22 years of her experience has been working in the areas of internal and external auditing. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance.
Ms. Fountain has held two Chief Audit Executive positions for international companies. In 2011, as the Chief Audit Executive for an international construction/ engineering firm, she was involved in the active investigation of a joint venture fraud. The investigation included work with the FBI and ultimately led to indictment of the perpetrators and recovery of $13M. Ms. Fountain is currently engaged in her own training and consulting business and is a regular trainer for the AICPA.
Ms. Fountain is the author of three separate technical books. “Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations” was published by the Institute of Internal Auditors Research Foundation. “Leading The Internal Audit Function” and “Ethics and The Internal Auditor Political Dilemma” were published by Taylor & Francis In addition,
Ms. Fountain has performed as an adjunct instructor for the School of Business for Grantham University and developed the first internal audit curriculum for the School of Business at the University of Kansas. Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CGMA, CRMA credentials and CPA certificate (non-active).
Dates
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Tue, Dec 03, 2024 - 08:00am to 09:45am CST
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Tue, Dec 17, 2024 - 01:00pm to 02:45pm CST
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Tue, Jan 07, 2025 - 10:00am to 11:45am CST
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Additional Info
Basic Course Information
Prerequisites NoneAdvanced Preparation None
Designed For All CPAs
Original Recording Date 10/11/2018
Yellow Book No
Course Developer MICPA
Date Added to Catalog 09/03/2018
Additional Information
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).Official Registry Statement Business Professionals' Network, Inc. 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 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: www.nasbaregistry.org
Instructional Delivery Method Live Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Promo Video
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