Staff Questions & Answers – Professional Skepticism in an Audit of Financial Statements

This IAASB Staff Q&A publication focuses on the requirements and application material in the International Standards on Auditing (ISAs) and the IAASB’s quality control standard that are of particular relevance to the proper understanding and application of professional skepticism during an audit of financial statements. In addition, answers are provided regarding what audit firms and auditors can do to enhance awareness of the importance of professional skepticism, identify aspects of an audit where professional skepticism may be particularly important, and how professional skepticism can be evidenced.

Staff Questions & Answers – Professional Skepticism in an Audit of Financial Statements (PDF | 486K)
Date: Feb 28, 2012
Author: IAASB

Related Resources

• At a Glance: A Framework for Audit Quality
• At a Glance: ISRE 2400 (Revised): Engagements to Review Historical Financial Statements
• At a Glance: International Standard on Assurance Engagements (ISAE) 3410, Assurance Engagements on Greenhouse Gas Statements
• At a Glance: International Standard on Assurance Engagements (ISAE) 3420 Assurance Engagements to Report on the Compilation of Pro Forma Financial Information Included in a Prospectus
• Staff Questions & Answers - Applying ISQC 1 Proportionately with the Nature and Size of a Firm