Reference no: EM132459249
Question 1. What is "professional skepticism?" How is it defined, if at all, in the literature? (Cite AICPA, SEC and PCAOB literature)
Question 2. What are the two perspectives we read about relating to PS? Discuss each. Which perspective do you think is more important, and why?
Question 3. How does PS relate to professional judgment?
Question 4. Why is PS so important in relation to an auditor's fulfilling his/her responsibilities?
Question 5. In your opinion, what are the most significant "biases" discussed in the literature I had you read, and how does each affect PS?
Question 6. Academic literature discusses two types of PS: "trait" and "state" skepticism. What do you think is meant by those?
Question 7. In your opinion, can you increase or enhance an auditor's level of skepticism? How? What do you think the implications of your answer are to an audit firm
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