Our systems are designed to ensure the appropriate planning, supervision, and review and that the engagement reports are appropriate in the circumstances.

In order to ensure that the work is performed according to professional standards and applicable regulatory and legal requirements:

• The firm manual provides illustrative templates of working papers, checklists, and other documentation for engagements. Templates are a reference point that teams can use and modify for their engagements. Alternatively to the use of our templates, teams can prepare original documentation if it meets the goal of a quality management system;
• Provide external guidance, tools, and reference materials or links to the location of such materials.
• Provide education resources and reimbursement of costs of education.
• Support for compliance with Kentucky professional development requirements.

Supervision

See the Supervision section.

Engagement Partner Responsibilities

See the Responsibilities section.

Professional Judgement

Everyone within the firm should exercise appropriate professional judgment.

Skepticism

• Everyone who takes part in attest engagements should maintain professional skepticism.
• The firm personnel should be rewarded for the appropriate skepticism by providing positive feedback regardless of whether skepticism leads to the ultimate discovery of fraud.
• The firm prohibits penalties for responding skeptically to evidence inconsistencies when no fraud or misstatement is identified.
• The firm partners should exemplify their own professional skepticism for anyone else engaged in the audit engagements they conduct. This may be achieved by sharing relevant past experiences during the preparation and execution of the fraud brainstorming meetings.
• When assigning personnel to a team, it is recommended to include members with different levels of skepticism.

Evaluation of Results

See the Concluding section.