Why Is It Important To Have Professional Skepticism? Professional skepticism is an essential attitude that enhances the auditor’s ability to identify and respond to conditions that may indicate possible misstatement. It includes a critical assessment of audit evidence. … This critical assessment is necessary in order for the auditor to draw appropriate conclusions. What does
What Are The Key Elements To Applying Professional Skepticism? The three elements of professional skepticism — auditor attributes, auditor mindset, and auditor actions — permeate the entire audit process and are integral to audit quality. What is meant by professional skepticism and discuss its elements? Professional skepticism is an attitude that includes a questioning mind
What Is The Relationship Between Auditor Independence And Professional Skepticism? However, auditor independence is impossible due to the auditor–client structure and conscious and unconscious personal bias. The threats to auditor independence are powerful incentives that reduce professional scepticism, making it difficult to exercise professional scepticism while making professional judgement. What is the link between audit