Our short auditor skills QuickQuiz has only been live for a few days and we have logged responses. The number of respondents is smaller than anticipated but trends are appearing.
The Good: Respondents understand follow through with sampling plans, are aware of the Fraud Triangle and know the role body language plays in interviews.
The Bad: Most importantly, respondents have been unable to identify specific threats to auditor independence and they have demonstrated a lower-than-expected understanding evidence corroboration and hierarchy. Other areas where knowledge improvements seem necessary are materiality determinations, awareness of basic audit terminology and the scope of a QA/QC review.
Keep those responses coming in, and thank you for taking a few minutes to complete it.