The Role of Business Acumen in Auditing and Auditing Education

Session Submission Type: Panel

Abstract

"Business acumen" is a focus by the auditor on his/her knowledge of the client's specific business and industry so that he/she may better assess/address risk. This topic has recently become an area of importance in professional training for new staff associates at the global auditing firms. In this panel discussion, experienced audit partners will discuss the role of business acumen in the audit process using examples from practice.

Track

• Auditing Section Midyear Conference and Doctoral Consortium

Moderator

• Allen D Blay, Florida State University

Panelists

• Patrick Brandau, Deloitte

• W Robert Knechel, University of Florida

• Clay Plaisance, Ernst & Young

• Jay C. Thibodeau, Bentley University

• Eileen Walsh, KPMG