A Perspective on “Professional Skepticism” — Part 2 of 2


(Part 1 is here.) I have found that a useful way to home in on the drivers of audit quality is to regard an audit as two distinct engagements: (1) verifying facts, and (2) assessing whether management’s estimates “appear” reasonable. For one thing, it is near certain that the inexorable change in ‘product mix’ over…

Related posts