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