IESBA: Professional Skepticism - Meeting Public Expectations

In this August 2018 comment letter, the CAQ provides input on a Consultation Paper, “Professional Skepticism – Meeting Public Expectations,” from the International Ethics Standards Board for Accountants (IESBA). Emphasizing the importance of professional skepticism and judgment to audit quality, the CAQ’s letter offers IESBA four high-level recommendations related to professional skepticism: (1) Create a better understanding of behavioral characteristics, (2) Seek clarity and address ambiguity, (3) Use collaboration to promote action, and (4) Address the expectation gap.