aug12 auasb bulletin professional scepticism in …（aug12 auasb公报专业怀疑u2026）.pdf

AUASB Bulletin AUASB Bulletin Professional Scepticism in an Audit of a Financial Report August 2012 Message from the evidence rather than challenge it; and The Auditing and Assurance Standards AUASB Chairman adequately demonstrate in the audit Board (AUASB) takes this opportunity working papers how professional to emphasise to both auditors and Australia continues to experience scepticism has been applied. ASIC others, the important and fundamental a prolonged period of economic refers to key areas of audit judgement role that professional scepticism has to uncertainty and with that comes where the level of professional play in the audits of fi nancial reports. associated challenges for fi rms scepticism exercised or evidenced in So too, it is opportune to remind and participants in capital markets. the audit fi les needs to be improved, audit fi rms of their role in education, Against this backdrop, the value of particularly: fair value measurement of mentoring and inspiring partners and an independent audit is heightened assets; impairment calculations; and staff to cultivate a sceptical mindset, as it enhances the degree of user going concern assessments. recognising that it is a vital ingredient confi dence in fi nancial reports. Importantly, audit committees play in performing high quality audit Many entities today