PROFESSIONAL JUDGEMENT. THE KEY TO A SUCCESSFUL AUDIT
Professional judgement represents the key to a succesful audit engagement. In order for the auditors to use their professional judgment correctly, they must know the rules and standards, both those related to accounting and audit.ISA 200 emphasizes the importance of exercising professional judgment...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Romanian Foundation for Business Intelligence
2014-11-01
|
| Series: | SEA: Practical Application of Science |
| Subjects: | |
| Online Access: |
http://seaopenresearch.eu/Journals/articles/SPAS_5_30.pdf
|
| _version_ | 1818892026215661568 |
|---|---|
| author | Anca Oana CHIȘ Andra Maria ACHIM |
| author_facet | Anca Oana CHIȘ Andra Maria ACHIM |
| author_sort | Anca Oana CHIȘ |
| collection | DOAJ |
| description | Professional judgement represents the key to a succesful audit engagement. In order for the auditors to use their professional judgment correctly, they must know the rules and standards, both those related to accounting and audit.ISA 200 emphasizes the importance of exercising professional judgment in the planning phase and in the auditor's audit work. Judgment is exercised by an auditor whose training, knowledge and experience have assisted in developing the skills needed to achieve reasonable judgments. The article is a theoretical one, its main objective being the study of professional judgement in audit engagements. Professional judgment was analyzed using a qualitative research methodology, taking into considerationdefinitions from auditing standards and presenting the work of researchers all over the world, while emphasizing specific situations in which judgement is used. Our study draws the attention to the importance of the professional judgement during audit and the obligation of each auditor to use it appropriately. |
| first_indexed | 2024-12-19T17:50:09Z |
| format | Article |
| id | doaj.art-842851c20d8449caaba345e207c551df |
| institution | Directory Open Access Journal |
| issn | 2360-2554 |
| language | English |
| last_indexed | 2024-12-19T17:50:09Z |
| publishDate | 2014-11-01 |
| publisher | Romanian Foundation for Business Intelligence |
| record_format | Article |
| series | SEA: Practical Application of Science |
| spelling | doaj.art-842851c20d8449caaba345e207c551df2022-12-21T20:11:57ZengRomanian Foundation for Business IntelligenceSEA: Practical Application of Science2360-25542014-11-01II5 (3/2014)217222seapas:y:2014:i:5:p:217-222PROFESSIONAL JUDGEMENT. THE KEY TO A SUCCESSFUL AUDITAnca Oana CHIȘ0Andra Maria ACHIM1 Faculty of Economics 1 December1918 University, Alba Iulia Faculty of Economics and Business Administration, Babes Bolyai University ClujNapoca Professional judgement represents the key to a succesful audit engagement. In order for the auditors to use their professional judgment correctly, they must know the rules and standards, both those related to accounting and audit.ISA 200 emphasizes the importance of exercising professional judgment in the planning phase and in the auditor's audit work. Judgment is exercised by an auditor whose training, knowledge and experience have assisted in developing the skills needed to achieve reasonable judgments. The article is a theoretical one, its main objective being the study of professional judgement in audit engagements. Professional judgment was analyzed using a qualitative research methodology, taking into considerationdefinitions from auditing standards and presenting the work of researchers all over the world, while emphasizing specific situations in which judgement is used. Our study draws the attention to the importance of the professional judgement during audit and the obligation of each auditor to use it appropriately. http://seaopenresearch.eu/Journals/articles/SPAS_5_30.pdf Professional judgementScepticismAudit engagementAudit opinion |
| spellingShingle | Anca Oana CHIȘ Andra Maria ACHIM PROFESSIONAL JUDGEMENT. THE KEY TO A SUCCESSFUL AUDIT SEA: Practical Application of Science Professional judgement Scepticism Audit engagement Audit opinion |
| title | PROFESSIONAL JUDGEMENT. THE KEY TO A SUCCESSFUL AUDIT |
| title_full | PROFESSIONAL JUDGEMENT. THE KEY TO A SUCCESSFUL AUDIT |
| title_fullStr | PROFESSIONAL JUDGEMENT. THE KEY TO A SUCCESSFUL AUDIT |
| title_full_unstemmed | PROFESSIONAL JUDGEMENT. THE KEY TO A SUCCESSFUL AUDIT |
| title_short | PROFESSIONAL JUDGEMENT. THE KEY TO A SUCCESSFUL AUDIT |
| title_sort | professional judgement the key to a successful audit |
| topic | Professional judgement Scepticism Audit engagement Audit opinion |
| url |
http://seaopenresearch.eu/Journals/articles/SPAS_5_30.pdf
|
| work_keys_str_mv | AT ancaoanachis professionaljudgementthekeytoasuccessfulaudit AT andramariaachim professionaljudgementthekeytoasuccessfulaudit |