What is professional skepticism, professional judgement, and pervasiveness. Inherent limitations.

Sheetal · 31 Jul 2025

Inherent limitation is we can never provide an absolute(100%) assurance Since there are some inherent (inbuilt ) limitations in an entity which can never be eradicated it is naturally present there

aadarsh_rk · 31 Jul 2025

Thanks both of you

Mahi · 31 Jul 2025

For eg we do sampling while doing audit as there are many transactions in big companies so this is inherent limitations

Sheetal · 31 Jul 2025

Professional judgment is ur thoughts ur due diligence on area u r auditing U hv to apply Professional judgement ur thinking ur opinion which will help u get better idea on ur auditing area and help u in forming opinion

Mahi · 31 Jul 2025

Inherent limitations are the limitations which we can never become 0

Sheetal · 31 Jul 2025

Pervasiveness is faila hua means misstatements kitne extent Kitna spread hua h in FS how much it is material

aadarsh_rk · 31 Jul 2025

Rest others?

Sheetal · 31 Jul 2025

Professional skepticism is Shakki mind it means u need to be alert on audit not just hear or read whatever data is provided u need to be a questioning mind