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An important principle for auditors is the need to maintain an appropriate level
$ 2.00

An important principle for auditors is the need to maintain an
appropriate level of professional skepticism.
Required:
a. Define professional skepticism.
b. During which stages of the audit are auditors required to exhibit professional skepticism?
c. How does each of the following independent issues potentially relate to the principle of
professional skepticism?
1. The auditor’s firm has served the client for a long period of time, and strong friendships
have developed between the firm personnel and client’s officers.
2. Auditors are anxious to complete the audit shortly because of other workload demands
and deadlines related to other engagements.
3. The client has mentioned on a number of occasions its desire to reduce (or limit) the
audit fee.

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