Audit Evidence and Professional Judgment How to Effectively Use Critical Thinking

One of the most difficult skills associated with auditing is determining the propriety of audit evidence. Does it support the audit objective? Is it enough? Is it too much and inefficient? How does professional judgment affect the quality and quantity of audit procedures?

This course will provide internal audit staff and management with at least 2 years’ experience with skills and techniques necessary to identify the appropriate evidence to support the audit conclusion. The tools and techniques shared will also provide you with approaches to guide your use of critical thinking skills to facilitate the gathering of audit evidence. Real-life examples of strong and weak evidence will be provided to further the learning process.

Finally, the course will be interactive and provide opportunities for you to practice what you learn.

In this course, we will discuss:

  • The importance of appropriate, sufficient, and persuasive audit evidence.
  • The meaning and application of professional judgment.
  • The types of evidence and methods, techniques, and tools to gather information to support audit objectives/results.
  • Examples of the link between methodologies and evidence gathered to support audit results.
  • Types of decisions faced by auditors and important differences in the approach
  • A sample of the critical thinking process.
  • How critical thinking helps improve audit evidence.
  • Ways to develop critical thinking to enhance the audit process.
  • Examples of how root cause analysis can be used in the audit process.
  • The similarities and differences between auditor judgment and critical thinking skills.
  • How mind mapping can be used to improve the audit process.
  • How to determine that the evidence gathered is appropriate, sufficient, and persuasive to support audit conclusions.
Course Duration: 2 day(s)
CPE Hours Available: 16
Knowledge Level: Intermediate
Field of Study: Auditing

​Auditors with at least 2 years’ experience in order to draw upon their professional audit experience.
Advance Preparation: