There is not much room for professional judgement when performing audits, as a result of the detailed guidance provided by organizations, such as the PCAOB.

Question

Quizplus · Accepted Answer

While organizations like the PCAOB do provide guidance and standards for audits, there is still room for professional judgement in their implementation and interpretation. Auditors must still exercise their professional judgement to determine the extent of testing, assess the risks of material misstatements, and make decisions about the sufficiency and appropriateness of audit evidence.

There Is Not Much Room for Professional Judgement When Performing