BU477 Chapter Notes - Chapter 4: Ethical Dilemma, Professional Code Of Quebec, Audit Evidence
Document Summary
Bu477 chapter 4 notes: an analytical and systematic decision process that involved the application of relevant knowledge and experience with the context of auditing and accounting standards and rules of professional conduct. It is objective, prudent and carried out with integrity and recognition of responsibility to those affected by its consequences. Identify and define the issue to identify and define the issue, it is helpful to consider different perspectives. By considering different viewpoints, the auditor can also consider the why of the issue. It often involves evaluating the information that is readily available, as well as information that may need to be obtained from others. The auditors" ability to analyze the relevant facts and evaluate the alternatives is directly related to how well the issue was defines in the first place. The auditor should be mindful of potential judgement tendencies, traps and biases that can limit auditors" ability to effectively evaluate alternatives.
