The Importance of Exercising Professional Skepticism
In accordance with AU-C section 200, the auditor should maintain professional skepticism throughout the audit, recognizing the possibility that a material misstatement due to fraud could exist, notwithstanding the auditor’s past experience of the honesty and integrity of the entity...
Published on March 21, 2014
Auditors must use their experience and professional judgment at all times in order to properly conduct high-quality audits. The AICPA has gathered information on various professional judgment frameworks
Published on February 22, 2013
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