The auditor shall plan and perform an audit with professional skepticism recognising that circumstances may exist that cause the financial…

Professional skepticism includes being alert to, for example: (i) Audit evidence that contradicts other audit evidence obtained. (ii) Information that brings into question the reliability of documents and responses to inquiries to be used as audit evidence. (iii) Conditions that may indicate possible fraud. (iv) Circumstances that suggest the need for audit procedures in addition to those required by the SAs. (v) Maintaining professional skepticism throughout the audit is necessary if the auditor is to reduce the risks of: Overlooking unusual circumstances.Over generalising when drawing conclusions from audit observations.Using inappropriate assumptions in determining the nature, timing, and extent of the audit procedures and evaluating the results thereof.