What are the Overall Purpose and Main Features of an Audit?
The general objective of an audit is discussed in ISA 200 Overall Objective of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing. According to ISA 200, the following objectives must be met for an audit of financial statements to be considered successful: “To obtain reasonable assurance about […]
6. Is Professional Scepticism necessary in other Audit areas besides Fraud?
Throughout the auditing process, Professional Scepticism is vital. 在整个审计过程中，职业怀疑态度是至关重要的。 Professional Scepticism is especially crucial when handling complicated, significant, or highly judgmental audit areas, such as: Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures – For example, when: 在处理复杂、重大或高度判断性的审计领域时，职业怀疑态度尤为关键，例如： 会计估计，包括公允价值会计估计，以及相关的披露 — 例如，当 Going Concern For example, In examining management’s plans for future actions concerning […]
