IFAC Senior Technical Manager Vincent Tophoff discussed governance, risk management, and internal control in the public sector at the Institute of Internal Auditors International Conference.
During the Institute of Internal Auditor's International Conference, IFAC Senior Technical Manager Vincent Tophoff on integrated reporting, including implementation, trends, and best practices globally. Mr. Tophoff also focuses on the role of the internal auditor in the process.
During its June 2015 meeting, the IAASB hosted a panel discussion on the topic of professional skepticism.
IAASB member Annette Köhler, who chairs the Professional Skepticism Working Group, introduced the topic. The panel was comprised of:
Jeremy Justin, Canadian Public Accountability Board’s Representative on the Forum of Independent Audit Regulators Standards Coordination Working Group;
Helen Munter, Division of Registration and Inspections, US Public Company Accounting Oversight Board;
Doug Prawitt, Glen Ardis Professor of Accountancy, Brigham Young University; and
Cindy Fornelli, Executive Director, Center for Audit Quality.
Prof. Köhler and each panelist gave a brief presentation and offered opening remarks, which were followed by a discussion period.
The purpose of the discussion was to:
Provide IAASB members with a further understanding of the issues related to auditors’ application of professional skepticism in the context of a financial statement audit and raise questions with experts in this area; and
Consider how best to address concerns that have been raised about auditors' application of professional skepticism in audits of financial statements and planned next steps.