Auditor QuickQuiz Update

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.

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