An Auditor should obtain sufficient appropriate audit evidence to be able to draw reasonableconclusion on which to base the audit opinion. In gathering such evidence, Auditor should exerciseProfessional Skepticism, defined in ISA 200.
i.What is professional Skepticism?2 marks
ii.At what stage of the audit is professional skepticism necessary? 2 marks
iii.What effect will ‘exercising professional Skepticism’ have on the following1. Obtaining Sufficient Audit Evidence4 marks2. Obtaining Appropriate Audit Evidence4 marks
iv.What can a firm do to enhance awareness of professional Skepticism to help obtainsufficient appropriate audit evidence? 3 marks
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