Australian Accounting- Auditing
1. What is ‘professional scepticism’? To show your understanding of the concept, provide examples of how an auditor would demonstrate professional scepticism.
2. Explain how professional scepticism relates to obtaining reasonable assurance about a client.
3. Are the results of the ASIC audit inspection report consistent with the application of professional scepticism by auditors? Justify your answer with reference to the ASIC report.
4. The ASIC report identifies a number of skills that will support the application of professional scepticism. What are these skills? How does your study at University help you to develop the appropriate skills?