Professional scepticism has received much attention from policy makers, regulators, politicians and the public. After...
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Accounting
Professional scepticism has received much attention from policy makers, regulators, politicians and the public. After nearly a decade of action, audit quality has undoubtedly improved even though calls for more professional scepticism have not abated. Required:
(a) Discuss two (2) audit circumstances when professional scepticism is necessary.
b) Propose two (2) ways that can be used to enhance auditors professional scepticism.
c) Discuss one (1) positive and one (1) negative effect of professional scepticism.
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