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What are thoughts on professional skepticism

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As part of the Bonlat "Parmalat Financial's Center"audit, Grant Thornton, received a confirmation on Bank of America letterhead from Parmalat confirming the existence of 4.2 billion euros in an account for Bonlat. Bank of America later declared the confirmation a forgery. Investigators believe that the confirmation was forged with the use of scanners by Parmalat finance officers.

Problem 1: As you analyze this week's cases, what are your thoughts on professional skepticism and an auditor's objectivity as it was applied to the audit of Parmalat's Cash?

Reference no: EM132821392

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