Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

CAQ Tool Meant to Help Steer Auditor Judgments

Tammy Whitehouse | August 28, 2014

The Center for Audit Quality has developed and released a teaching tool meant to help auditors arrive at sound judgments, despite pressures in the marketplace that make it difficult.

The Professional Judgment Resource is a 25-page guide that gives auditors an example of a decision-making process intended to steer auditors toward judgments that are more skeptical. It walks an auditor through five critical actionsidentifying and defining the issue, gathering facts, performing the analysis, making a decision, and documenting the decisions and the rationale behind it. It also explains some common judgment tendencies that can potentially lead to bias and hinder skepticism, with examples and strategies to avoid them.

...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.