Professional scepticism & judgement Flashcards
1
Q
What is professional scepticism?
A
Professional scepticism is an attitude that includes a questioning mind, being alert to conditions which may indicate possible misstatement due to error or fraud, and a critical assessment if audit evidence
2
Q
What is professional judgement?
A
Professional judgement is an application of relevant training, knowledge and experience in making informed decisions about the courses of action that are appropriate in the circumstances of the audit engagement
