professional excellence, skepticism, and objectivity
TRANSCRIPT
![Page 1: Professional Excellence, Skepticism, and Objectivity](https://reader035.vdocument.in/reader035/viewer/2022062421/56649d0e5503460f949e4606/html5/thumbnails/1.jpg)
Professional Excellence, Skepticism, and Objectivity
![Page 2: Professional Excellence, Skepticism, and Objectivity](https://reader035.vdocument.in/reader035/viewer/2022062421/56649d0e5503460f949e4606/html5/thumbnails/2.jpg)
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.
![Page 3: Professional Excellence, Skepticism, and Objectivity](https://reader035.vdocument.in/reader035/viewer/2022062421/56649d0e5503460f949e4606/html5/thumbnails/3.jpg)
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.
![Page 4: Professional Excellence, Skepticism, and Objectivity](https://reader035.vdocument.in/reader035/viewer/2022062421/56649d0e5503460f949e4606/html5/thumbnails/4.jpg)
The “Pathways Vision Model”
The Pathways Vision Model was developed by an American Accounting Association (AAA) task force.
![Page 5: Professional Excellence, Skepticism, and Objectivity](https://reader035.vdocument.in/reader035/viewer/2022062421/56649d0e5503460f949e4606/html5/thumbnails/5.jpg)
The making of an IPO
Banks Management
Audit Committee Customers
Investors The Auditor SEC / Regulators
Initial Public OfferingLinkedIn7,840,000 SharesCommon StockPrice $45.00 Per Share
![Page 6: Professional Excellence, Skepticism, and Objectivity](https://reader035.vdocument.in/reader035/viewer/2022062421/56649d0e5503460f949e4606/html5/thumbnails/6.jpg)
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.
![Page 7: Professional Excellence, Skepticism, and Objectivity](https://reader035.vdocument.in/reader035/viewer/2022062421/56649d0e5503460f949e4606/html5/thumbnails/7.jpg)
Skill +PROFESSIONAL MINDSET (WILL)• Personal commitment• Integrity• Desire to “get it right”• Professional skepticism • Stands up to
management• Commitment to learning • Teaches others / role
model
AUDITING SKILLS (SKILL) • Expert in standards/
GAAP• Judgment to properly
apply them• Skilled at project
management
Will
![Page 8: Professional Excellence, Skepticism, and Objectivity](https://reader035.vdocument.in/reader035/viewer/2022062421/56649d0e5503460f949e4606/html5/thumbnails/8.jpg)
Professional skepticism requires a curious mind and persistence
![Page 9: Professional Excellence, Skepticism, and Objectivity](https://reader035.vdocument.in/reader035/viewer/2022062421/56649d0e5503460f949e4606/html5/thumbnails/9.jpg)
Barriers to skepticism
Challenging equivalent of our
“parents”
![Page 10: Professional Excellence, Skepticism, and Objectivity](https://reader035.vdocument.in/reader035/viewer/2022062421/56649d0e5503460f949e4606/html5/thumbnails/10.jpg)
Barriers to skepticism
Time
![Page 11: Professional Excellence, Skepticism, and Objectivity](https://reader035.vdocument.in/reader035/viewer/2022062421/56649d0e5503460f949e4606/html5/thumbnails/11.jpg)
Barriers to skepticism
Fatigue
![Page 12: Professional Excellence, Skepticism, and Objectivity](https://reader035.vdocument.in/reader035/viewer/2022062421/56649d0e5503460f949e4606/html5/thumbnails/12.jpg)
Barriers to skepticism
Lack of skill or
knowledge
![Page 13: Professional Excellence, Skepticism, and Objectivity](https://reader035.vdocument.in/reader035/viewer/2022062421/56649d0e5503460f949e4606/html5/thumbnails/13.jpg)
Barriers to skepticism
Desire to please
![Page 14: Professional Excellence, Skepticism, and Objectivity](https://reader035.vdocument.in/reader035/viewer/2022062421/56649d0e5503460f949e4606/html5/thumbnails/14.jpg)
Barriers to skepticism
Intimidation
![Page 15: Professional Excellence, Skepticism, and Objectivity](https://reader035.vdocument.in/reader035/viewer/2022062421/56649d0e5503460f949e4606/html5/thumbnails/15.jpg)
Barriers to skepticism
Budgets
![Page 16: Professional Excellence, Skepticism, and Objectivity](https://reader035.vdocument.in/reader035/viewer/2022062421/56649d0e5503460f949e4606/html5/thumbnails/16.jpg)
Who’s counting on you
![Page 17: Professional Excellence, Skepticism, and Objectivity](https://reader035.vdocument.in/reader035/viewer/2022062421/56649d0e5503460f949e4606/html5/thumbnails/17.jpg)
Questions?