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Does the auditor require a codified definition of ?reasonable care and skill or should this be left to professional judgment? Explain

Does the auditor require a codified definition of ―reasonable care and skill or should this be left to professional judgment? Explain

Answers

No
-This is because every audit is different and what may be seen to be reasonable care and skill in one audit may not be for a different audit.
-Thus to codify is to issue uniform exceptions of reasonable care and skill. This would be wrong, as the circumstances of every audit are different.
-Thus, whatever is reasonable skill and care should be determined by an individual auditor by exercising his judgment depending on the circumstances of his audit.

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Wilfykil answered the question on February 21, 2019 at 05:40

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