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FAR masterclass by Joe Brazel: How can we improve the application of professional skepticism?
On April 2 2025, Joe Brazel (North Carolina State University) gave a FAR-masterclass on this important question at Nyenrode University
During this highly interactive meeting he presented the findings from several of his research studies on the evaluation and support of professional skepticism in audit teams.
Audit professionals are expected to apply professional skepticism, especially when signs point to potential fraud. But how is that skepticism evaluated by supervisors? Is it judged more by the outcome of the investigation than by the quality of the process? And what changes when supervisors begin to reward skepticism based on how it's applied, rather than what it uncovers? And does the active support by the audit committee increase auditors’ skepticism?
If you want to get a taste of what happened, please check out this 15-minute summary of the event.
Version on Youtube : https://youtu.be/SVV27XpJvsY
Two of the papers that Joe Brazel presented have also been previously summarized in the FAR booklet ‘What can we learn from auditing research?’, which can be found on the FAR-website: https://foundationforauditingresearch.org/wp-content/uploads/2024/12/far-artikelen-boekje-juni23-02w.pdf
More information on Joe Brazel’s FAR-projects can be found on the FAR website: https://foundationforauditingresearch.org
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By Foundation for Auditing ResearchOn April 2 2025, Joe Brazel (North Carolina State University) gave a FAR-masterclass on this important question at Nyenrode University
During this highly interactive meeting he presented the findings from several of his research studies on the evaluation and support of professional skepticism in audit teams.
Audit professionals are expected to apply professional skepticism, especially when signs point to potential fraud. But how is that skepticism evaluated by supervisors? Is it judged more by the outcome of the investigation than by the quality of the process? And what changes when supervisors begin to reward skepticism based on how it's applied, rather than what it uncovers? And does the active support by the audit committee increase auditors’ skepticism?
If you want to get a taste of what happened, please check out this 15-minute summary of the event.
Version on Youtube : https://youtu.be/SVV27XpJvsY
Two of the papers that Joe Brazel presented have also been previously summarized in the FAR booklet ‘What can we learn from auditing research?’, which can be found on the FAR-website: https://foundationforauditingresearch.org/wp-content/uploads/2024/12/far-artikelen-boekje-juni23-02w.pdf
More information on Joe Brazel’s FAR-projects can be found on the FAR website: https://foundationforauditingresearch.org