Professional Skepticism

Professional skepticism is an informed decisions and implemented on the following:

  • Determining materiality and used for attesting audit risk.
  • Determining the nature, timing and extent of audit.
  • Evaluating Management decisions.
  • Evaluating sufficient audit evidence.
  • Forming audit conclusions.

The auditor should have a questioning mind and alert to audit evidence that can bring the management representation in question. The auditor also consider the management as neither honest or dishonest.



About Jonathan Ruiz CPA

Newbie Mentor and one of the influential author in the Philippines setting. His also the founder of PAM Academy and Developer of PAM PSE TRACKER application.
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