PCAOB Issues Publication on the Importance of Professional Competence and Skepticism in Performing Quality Audits April 26, 2023 The PCAOB has issued Spotlight: Professional Competence and Skepticism Are Essential to Quality Audits. The publication discusses the following topics: Client acceptance or continuance. Audit planning. Identification and assessment of risks of material misstatement. The use of due professional care in performing an audit. Evaluation of the results of an audit.