BDO Professional Judgment Framework

 

According to a June 2019 BDO press release, "Professional Judgment can be described as the capacity to logically assess situations or circumstances and to draw sound, objective conclusions that are not influenced by cognitive traps and biases or by emotion. Good judgment takes experience, but it also takes awareness, repetition and consistent application."

The BDO Professional Judgment Framework (shown below) offers a shared conceptual foundation and common vocabulary for audit professionals. It encourages consistent behavior in striving for desired outcomes, supported by justifiable conclusions and effective documentation. As well, it aids in dealing with and clearly communicating complex issues. When all of the elements of the BDO Professional Judgment Framework are effectively in place, they maximize the likelihood of consistently exercising high-quality professional judgment.

To learn more, download the 4-page Mini-Guide or the 40-page Full Conceptual Guide.