Write a short notes on the following: (i) Professional skepticism
CS Executive · Company Accounts & Auditing Practices · PYQS · December 2020
Write a short notes on the following: (i) Professional skepticism
Answer & Explanation:
Professional Skepticism: Professional skepticism includes being alert to, for example; Audit evidence that contradicts other audit evidence obtained; Information that brings into question the reliability of documents and responses to inquiries to be used as audit evidence; Conditions that may indicate possible fraud; Circumstances that suggest the need for audit procedures in addition to those required by the SAs
Topics: Auditing Practices
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