Читать книгу Wiley Practitioner's Guide to GAAS 2020 - Joanne M. Flood - Страница 18

The auditor must exercise professional judgment in planning and performing an audit of financial statements. (AU-C 200.17-18) The auditor should:

 Observe GAAS,

 Possess the degree of skill commonly possessed by other auditors, and

 Exercise that skill with reasonable care and diligence.

Professional judgment is developed through training and experience. It will come into play in all aspects of the audit, particularly when

 Assigning materiality

 Assessing audit risk

 Evaluating the sufficiency of audit evidence

 Evaluating management’s integrity and judgment

 Arriving at conclusions

(AU-C 200.A27)

As can be seen from the above list, professional judgment is exercised throughout the audit.