Professional Skepticism In An Audit

One the most important factors in using professional scepticism is the auditor’s experience. The auditor experience is essential in exercising professional judgement when assessing the evidence. The importance of professional scepticism is more prevalent today than ever before. Without professional scepticism, the auditor does not challenge nor remain alert to inconsistencies and circumstances that indicate actual or potential misstatements (Auditing and Assurance Standard Board, 2012). The unrealistic expectations of external users of financial statements to assume that an auditor remains totally impartial to client influence is a conclusion drawn from psychological research.

The attributions that cause learned helplessness are internal, stable, and global (Weiner, B, 1986).An internal attribution means the cause of an event as something to do with the person, but not to the outside world. For instance, if you think that you failed the test because you are stupid, then that is an internal attribution. On the other hand, if you are blaming the test was hard, which is out of your control to make you failed, then that is an external attribution. Another attribution is stable attribution. It is talking about one cannot change over time or across situations.

It is not good to add to the negative effects of social anxiety. This can add to the anxiety even if it 's not that negative. Social anxiety is a negative disorder that will bring other negative disorders with it or increase their presence. Shyness will only be a half negative. Shyness might not be the best thing to have but it will show what good friends are.

In my opinion chivalry is a good behavior even if some companies want to nobble it in wrong way. I claim that if someone wants to use a good thing in a wrong way we have to train that person to use it correctly and clearing that thing is not a

Obtaining knowledge is seen as a positive objective, but sometimes it may come with a negative outcome. Attempting to discover something new without thought of morality can bring you disastrous events. Learning something new can disappoint you and leave you with no option but to walk away. An attempt to get knowledge secretly can make people uncomfortable with you. Knowledge can be thought of as power, and if you can’t limit yourself; this can damage people’s life and lead to loss of trust.

A standard that was made by people who may not have necessarily ever been in such a situation. Objectively speaking, it is possible, highly likely in fact, this was immoral and unethical but, the situations where one could resist an intervention in such a dilemma cannot be ignored. Ayn Rand argues for the virtue of selfishness and this is one example of just why someone would ignore the brutality displayed by Ms. Genovese’s attacker. This argument that even a seemingly selfless act is still acted upon for selfish reasons could go the exact opposite way. Some people said they were afraid and perhaps, this fear is what kept them from acting.

There is a famous saying that goes, “sticks and stones may break me but words cannot.” This is false as often people are genuinely hurt or offended by certain comments and an offensive comment may have a lasting downing effect on the person. Hence political correctness is to a degree essential and important to our society however it is necessary that do not over impose political correctness as it censors our society to the extent that it is bland and meaningless and in extreme instances it make our society hypocritical as it makes people hide their true view and

When Beam began understating the company’s expenses, he argues that the investors will only be misled by a “little.” Based on this statement, Beam is distorting the harm that he is inflicting. He felt that investors are smart enough to understand this and would not be harmed by it. He was convinced that his dishonesty

Failure to do so can carry significant financial implications if the court rules that sexual harassment occurred. Any financial settlement to the plaintiff, the employer may be required to pay the court fees that typically cost more than the settlement it self. The reasoning behind it is to motivate employers and mangers to establish a zero tolerance policy. Managers or board members should take each complaint seriously and set good examples for other employees. Since employers are at liability in cases like this, they must act immediately and investigate complaints.

Arguably, Benedict had a free choice whether to accept the risk or not. However, the defence of ‘volenti’ would be hard to prove because debatably Benedict was unaware of the risk and so, could not have consented to it as Jenifer’s statement created a ‘false sense of safety’. There is also the defence of contributory negligence which will reduce compensation payable. This arises where the claimant causes or contributes to their own harm by failing to take reasonable care for their own safety. This is assessed by asking what the reasonable person in the circumstances of the claimant would have done to avoid injury.