Accountancy Forum

MR. A is a newly inducted trainee student in the audit firm. He thinks that auditor should conduct an audit with a detective approach and should look only for frauds. Principal, Mr. X
tells him that audit has to be conducted with an approach of professional skepticism.Theprincipal has asked you to explain the concept of professional skepticism to Mr. A.

professional skepticism is conducting the audit with a questioning mind and ensuring critical assessment of the audit evidence. this means that the firm should neither go into the audit thinking that the client is very honest nor thinking that he is absolutely dishonest..

hope this helps