Individual reflective assessment Essay Example | Topics and Well Written Essays - 1000 words

Individual reflective assessment - Essay Examplemany skills and the module Academic Skills for Accountancy has helped me a lot in maturation some of the skills required for the profession of auditing. Following are skills related to accounting that I have make growed throughout the module.One of the most important skills for an meeter is to be able to critically evaluate the audit evidence obtained as a result of the audit procedures which include inquiries from the oversight, observation of the procedures done by management and inspection of accounting records. Through this semester, I have developed this skill significantly. The course has introduced me to specifics of the skills required for critical paygrade of evidence. For the forthcoming year, I plan to develop this skill by conducting further research on the audit and by studying practical examples regarding audits of significant entities. One of the most important areas that would be focussed would be of professional sc epticism. Professional scepticism is the ability of an auditor to keep a questioning mind and this attitude helps the auditor not to generalize the results of the evaluation of evidence obtained. I would learn how to develop professional scepticism.An ability every accountant must have is the ability to analyse the information provided and to draw conclusions with suitable rationalization. The akin skill is also important for an auditor because it is the responsibility of an auditor to analyse the evidence obtained and to provide a reasonable assurance backed by rationalized conclusions. The semester helped me significantly in improving this ability (Cottrell 2008). In accounting, each exercise has a dual effect therefore if any one part of the transaction is not recorded, it can be traced from the other part. Thus, everything in the financial records becomes linked and the missing links can be found by analysing the recorded information. The same skill is also highly important f or the profession of auditing. Since this is