Professional Skepticism

Professional Skepticism:-

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 audit evidence. These professional skepticism videos highlight the regulator's concerns and help audit firms respond to these issues.

All in our profession will be aware of debate about whether auditors have been sufficiently skeptical in recent times. Concerns of some audit regulators and others have been highlighted in the media and are part of the future of audit debate.