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

Entrepreneur, CPA Mentor, Stock market Newbie Mentor, Influential Author and Master's Degree in International Business graduate in Hult International Business School, UK. A father of two lovely daughters.
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