Group 6 i. International Standard on Auditing 200 states that “independence enhances the auditor’s ability to act with integrity, to be objective and to maintain an attitude of professional skepticism”. Professional Skepticism is important because without it auditors are susceptible to accepting weak or inaccurate audit evidence. Required a) Discuss the importance of professional skepticism in audit.
Group 6 i. International Standard on Auditing 200 states that “independence enhances the auditor’s ability to act with integrity, to be objective and to maintain an attitude of professional skepticism”. Professional Skepticism is important because without it auditors are susceptible to accepting weak or inaccurate audit evidence. Required a) Discuss the importance of professional skepticism in audit.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Group 6
i. International Standard on Auditing 200 states that “independence enhances the auditor’s ability to act with integrity, to be objective and to maintain an attitude of professional skepticism”. Professional Skepticism is important because without it auditors are susceptible to accepting weak or inaccurate audit evidence.
Required
a) Discuss the importance of professional skepticism in audit.
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