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       b)    Why is it sometimes difficult for auditors to exercise appropriate levels of professional skepticism in practice?

Contemporary Auditing
11th Edition
ISBN:9781337650380
Author:KNAPP
Publisher:KNAPP
Chapter1: Comprehensive Cases
Section1.10: Dhb Industries, Inc.
Problem 6Q
icon
Related questions
Question

  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 
    
b)    Why is it sometimes difficult for auditors to exercise appropriate levels of professional skepticism in practice?                                

 

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Fundamental Principles
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Contemporary Auditing
Contemporary Auditing
Accounting
ISBN:
9781337650380
Author:
KNAPP
Publisher:
Cengage
Auditing: A Risk Based-Approach (MindTap Course L…
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning
Auditing: A Risk Based-Approach to Conducting a Q…
Auditing: A Risk Based-Approach to Conducting a Q…
Accounting
ISBN:
9781305080577
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
South-Western College Pub
Business/Professional Ethics Directors/Executives…
Business/Professional Ethics Directors/Executives…
Accounting
ISBN:
9781337485913
Author:
BROOKS
Publisher:
Cengage