https://wiki-dev.treasurers.org/w/index.php?action=history&feed=atom&title=Professional_skepticismProfessional skepticism - Revision history2026-04-28T00:29:23ZRevision history for this page on the wikiMediaWiki 1.40.0https://wiki-dev.treasurers.org/w/index.php?title=Professional_skepticism&diff=38632&oldid=previmported>Doug Williamson: Create page - source - FRC - https://www.frc.org.uk/getattachment/d4968a74-15d1-47ce-8fc4-220ae3536b06/Glossary-of-Terms-(Auditing-and-Ethics)-(Updated-Jan-2020).pdf2022-11-17T18:10:08Z<p>Create page - source - FRC - https://www.frc.org.uk/getattachment/d4968a74-15d1-47ce-8fc4-220ae3536b06/Glossary-of-Terms-(Auditing-and-Ethics)-(Updated-Jan-2020).pdf</p>
<p><b>New page</b></p><div>1. ''Financial reporting - assurance - audit''.<br />
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An attitude of an auditor that includes a questioning mind, being alert to conditions which may indicate possible misstatement due to error or fraud, and a critical assessment of evidence.<br />
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Professional auditing standards require auditors to plan and perform their audit work with professional skepticism recognizing that circumstances may exist that cause the financial statements to be materially misstated. <br />
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Any past experience of the honesty and integrity of the entity's management and of those charged with governance notwithstanding. <br />
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Circumstances and people can change.<br />
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2. ''Professional standards.'' <br />
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A similar approach to other professional work.<br />
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Sometimes spelled ''scepticism''.<br />
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== See also ==<br />
* [[Assurance]]<br />
* [[Attestation]]<br />
* [[Audit]]<br />
* [[Audit opinion]]<br />
* [[Auditing standards]]<br />
* [[Auditor]]<br />
* [[Auditors’ report]]<br />
* [[Due diligence]]<br />
* [[Expectation gap]]<br />
* [[Financial reporting]]<br />
* [[Financial statements]]<br />
* [[Fraud]]<br />
* [[Governance]]<br />
* [[Misstatement]]<br />
* [[Standard]]<br />
* [[Third line of defence]]<br />
* [[True and fair view]]<br />
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[[Category:Self_management_and_accountability]]<br />
[[Category:Accounting,_tax_and_regulation]]<br />
[[Category:The_business_context]]<br />
[[Category:Compliance_and_audit]]<br />
[[Category:Ethics]]<br />
[[Category:Identify_and_assess_risks]]<br />
[[Category:Manage_risks]]<br />
[[Category:Risk_frameworks]]<br />
[[Category:Risk_reporting]]</div>imported>Doug Williamson