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.

 

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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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