PCAOB Issues Publication on the Importance of Professional Competence and Skepticism in Performing Quality Audits

  • PCAOB (US Public Company Accounting Oversight Board) (dark gray) Image

Apr 26, 2023

On April 26, 2023, Public Company Accounting Oversight Board (PCAOB) issued a Spotlight publication entitled, “Professional Competence and Skepticism Are Essential to Quality Audits”.

The Spotlight 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.

Re­view the report on PCAOB’s website.

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