Professional Skepticism Panel Discussion

Jun 17, 2015 | New York, NY | English

IAASB member Annette Köhler, who chairs the Professional Skepticism Working Group, introduced the topic.

Jeremy Justin, the Canadian Public Accountability Board’s representative on the Forum of Independent Audit Regulators Standards Coordination Working Group, was a panel participant.

Helen Munter, Division of Registration and Inspections, US Public Company Accounting Oversight Board, served as a panelist.

Brigham Young University's Doug Prawitt also participated in the Professional Skepticism panel.

In addition to IAASB member Annette Köhler (left), the panel included (left to right) Center for Audit Quality Executive Director Cindy Fornelli, Helen Munter of the PCAOB, CPAB's Justin Jeremy, and BYU's Doug Prawitt.

During its June 2015 meeting, the IAASB hosted a panel discussion on the topic of professional skepticism. 

IAASB member Annette Köhler, who chairs the Professional Skepticism Working Group, introduced the topic. The panel was comprised of:

  • Jeremy Justin,  Canadian Public Accountability Board’s Representative on the Forum of Independent Audit Regulators Standards Coordination Working Group;
  • Helen Munter, Division of Registration and Inspections, US Public Company Accounting Oversight Board;
  • Doug Prawitt, Glen Ardis Professor of Accountancy, Brigham Young University; and 
  • Cindy Fornelli, Executive Director, Center for Audit Quality.

Prof. Köhler and each panelist gave a brief presentation and offered opening remarks, which were followed by a discussion period.  

The purpose of the discussion was to: 

  • Provide IAASB members with a  further understanding of the issues related to auditors’ application of professional skepticism in the context of a financial statement audit and raise questions with experts in this area; and
  • Consider how best to address concerns that have been raised about auditors' application of professional skepticism in audits of financial statements and planned next steps. 
 
 
 

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