Skip to main content
by learnformula
search
For Business
Team license & compliance management
For Higher Education
Academic partnerships
For Government Agencies
Government training solutions
For Instructors & Course Creators
Teach on our marketplace
Become a Sponsor
Reach professionals where they learn
Log inStart 7-Day Free TrialStart Free TrialStart Free Trial
search
  1. Courses
  2. /Audit & Assurance
  3. /Skills for Auditors

Auditors Should Be Cautious With Assumptions

Why auditors must use assumptions wisely

Created byRobert Berry
BeginnerUpdated Jun 15, 2024

What You'll Learn

  • check_circleIdentify and explain the dangers of unchecked assumptions in the auditing process.
  • check_circleCritically assess old rules and make sure they’re still relevant.
  • check_circleApply techniques for documenting and questioning assumptions to enhance audit reliability.
  • check_circleMaster communication skills for effective reporting and feedback.

About This Course





Get smart about your assumptions and take your audit game to the next level!

Most people will tell you to never assume anything. But auditors are required to make logical conclusions based on reasonable assumptions obtained from the examination of evidence.

So should we assume or not?

We all assume. And, assumptions are neither bad nor good, but should be managed.

Join us in this course, Auditors Should Be Cautious With Assumptions, as we explore the art of assumptions.

WHY TAKE THE COURSE?

Because mastering assumptions can elevate your auditing skills dramatically.

We'll discuss how to:

  • Dodge the pitfalls of false assumptions.
  • Sharpen your critical thinking.
  • Enhance your professional skepticism.

WHAT THE COURSE COVERS?

Here's what you'll get into:

  • The six biggest dangers of unchecked assumptions.
  • How to question and rethink outdated rules and make sure they still make sense.
  • Documenting your assumptions for solid decision-making.
  • Using assumptions to spark creativity and new ideas.







 

Course Content

3 activities • 2 videos • duration: 1h 8m

remove
Preview1 videos • 2 min
  • videocamAuditors Should Be Cautious With Assumptions Preview
    Duration 2:01
add
Podcast Episode1 videos • 1.1 hours
add
Final Assessment1 quiz

Your Instructor

Robert Berry

I help auditors become awesome

menu_book3 courses
star133 reviews

I am the founder of That Audit Guy LLC. I believe that auditors, accountants, and finance professionals are cool people. And, I help you show others how competent and cool you are. How you ask? I specialize in audit communication and efficiency training. You will find that my courses are not only educational, but also entertaining. I don't sit in front of the camera and lecture for an hour. I create courses you want to watch. Find me on LinkedIn. Let's connect.

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

4.6 out of 5
Student's Choice
39 reviews
  • JB
    Janet B.
    starstarstarstarstar

    Great seminar!

  • MC
    Michael C.
    starstarstarstarstar

    Very good!

Frequently Asked Questions

We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

You May Also Like

  • Ethics: Business Ethics

    2026 Ethics and Corporate Compliance

    starRated5.0out of 5,(556 reviews)
    2 CPD hrs
  • Finance: Budgeting & Financial Forecasting

    Critical Skills for CFOs & Controllers: Budgeting & Forecasting Strategies for Today’s World

    starRated5.0out of 5,(113 reviews)
    2.5 CPD hrs
  • Accounting & Tax: Technology for Accountants

    Claude Fundamentals for Accountants (2026 Update)

    starRated5.0out of 5,(646 reviews)
    2.5 CPD hrs