Professional Scepticism
From Open Risk Manual
Definition
Professional Scepticism is an expression used in the context of Audit and Risk Management functions. It means an attitude that includes:
- a questioning mind
- being alert to conditions which may indicate possible misstatement due to fraud or error, and
- a critical assessment of audit evidence
References
- ISA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing
