1 / 17

Professional Excellence, Skepticism, and Objectivity

Professional Excellence, Skepticism, and Objectivity . A widely held perception of accounting is that it’s the process of “bean counting.” . This slide was developed by an American Accounting Association (AAA) task force.

xenon
Download Presentation

Professional Excellence, Skepticism, and Objectivity

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Professional Excellence, Skepticism, and Objectivity

  2. A widely held perception of accounting is that it’s the process of “bean counting.” This slide was developed by an American Accounting Association (AAA) task force.

  3. The reality is that accounting plays a critical role in supporting a prosperous society. This slide was developed by an American Accounting Association (AAA) task force.

  4. The “Pathways Vision Model” The Pathways Vision Model was developed by an American Accounting Association (AAA) task force.

  5. The making of an IPO Banks Management Initial Public Offering LinkedIn 7,840,000 SharesCommon StockPrice $45.00 Per Share Investors The Auditor SEC / Regulators Audit Committee Customers

  6. Professional Excellence An unwavering and steadfast commitment to providing distinguished service to the investing public and the capital markets through the consistent execution of quality audits by adhering to professional standards and exercising sound professional judgment, objectivity and professional skepticism.

  7. + Will Skill • AUDITING SKILLS (SKILL) • Expert in standards/GAAP • Judgment to properly apply them • Skilled at project management • PROFESSIONAL MINDSET (WILL) • Personal commitment • Integrity • Desire to “get it right” • Professional skepticism • Stands up to management • Commitment to learning • Teaches others / role model

  8. Professional skepticism requires a curious mind and persistence

  9. Barriers to skepticism Challenging equivalent of our “parents”

  10. Barriers to skepticism Time

  11. Barriers to skepticism Fatigue

  12. Barriers to skepticism Lack of skill or knowledge

  13. Barriers to skepticism Desire to please

  14. Barriers to skepticism Intimidation 

  15. Barriers to skepticism Budgets

  16. Who’s counting on you

  17. Questions?

More Related