How do I apply professional skepticism and professional judgment in an EER assurance engagement?
Professional skepticism 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 of evidence.
Professional judgment is the application of relevant training, knowledge and experience, within the context provided by assurance and ethical standards, in making informed decisions about the courses of action that are appropriate in the circumstances of the engagement.
Chapter 2, “Exercising Professional Skepticism and Professional Judgment,” provides guidance on:
- why professional skepticism and professional judgment are important in an EER assurance engagement;
- what might impede the exercise of professional skepticism;
- what behaviours and skills may support exercising professional skepticism; and
- how to exercise both professional skepticism and professional judgment during an EER assurance engagement.
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