Professional skepticism and why it matters to audit stakeholders

In auditing, the concept of professional skepticism is ubiquitous. Just as a Jedi in Star Wars is constantly trying to hone his understanding of the “force”, an auditor is constantly crafting his or her ability to apply professional skepticism. It is professional skepticism that provides the foundation for decision-making when conducting an attestation engagement.

A brief definition

The professional standards define professional skepticism as “an attitude that includes a questioning mind, being ... Ver mais

Consider on the text, judge the item.

According to the text, improvements made by the owner in the land are not part of the real estate. 

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Real estate, real property and personal property are different terms to refer to the same thing. 

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Real estate includes properties that are movable such as vehicles and boats. 

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According to the definition given, real estate includes the land and also any permanent changes made in it.

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Automobiles and personal objects are not attached to the land, in this case, they are not real estate. 

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In terms of meaning, the sentence “Broadly speaking” (line 8) can be correctly replaced by Generally speaking.

Consider on the text, judge the item.

The relative pronoun “which” (line 6 and line 14) can be substituted by that. The same way that “that” (line 16) can be substituted by which.