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:
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Client acceptance or continuance.
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Audit planning.
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Identification and assessment of risks of material misstatement.
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The use of due professional care in performing an audit.
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Evaluation of the results of an audit.