Professional scepticism is an attitude that includes a questioning mind, being alert to conditions which may indicate possible misstatement due to error or fraud, and a critical assessment of audit evidence. These professional scepticism videos highlight the regulator's concerns and help audit firms respond to these issues.
All in our profession will be aware of debate about whether auditors have been sufficiently sceptical in recent times. Concerns of some audit regulators and others have been highlighted in the media and are part of the future of audit debate.
These videos were developed in 2012 but the key messages regarding professional scepticism, audit documentation, group audits, quality control and ethical matters remain highly relevant in 2018. The video entitled concluding remarks refers to the FRC's Practice Note 26 which has recently been withdrawn.