The expert that handled my last order should do this. I have already dropped a message for him. He's...

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The expert that handled my last order should do this. I have already dropped a message for him. He's aware of what to do

Soumi · Accepted Answer

Last Name:	5
Name:
Professor:
Course:
Date:
Title: Professional Skepticism— 16-5
Advanced Accounting
	Memorandum
To:
From:
Date:
Re: Analyzing the Case Study of Skeptical Lens
1) Description of the Cases and the Issues Identified
 Professional skepticism is a terminology used for referring to the sense of suspicion one professional would have against the other or any other activity that is being conducted within their professional space. As defined by Bowlin et al., it is the immediate feeling of a professional in any department that comes to them when they encounter anything that does not fit into the normal analytical situation of a company. Example of such skepticisms could be the ones shown in the provided case studies.
The first case study shows that the company, where the narrator was placed after graduation— Big Four Accounting firm, did not pay required attention to the routine journal entries that are otherwise the base of any good quality audit task. However, the take of the CFO was that key focus of the personnel should be lain onto the bigger and more important audit tasks rather than on routine journal entries (Deloitte). The issue in this case is that basic accounting details of a firm is being ignored. It is a major concern because as indicated by Eutsler et al., when such trivial information are omitted, the overall calculations or accounting details can also be erroneous. 
The second case indicates professional skepticism to have arisen when the narrator, who is a senior audit manager in a subsidiary of a foreign company, encountered that the CEO of that company manipulated data of the quarterly journal entries only to approximate the budgeted values that was to be sent to the foreign parent company (Deloitte). Besides, they also admitted that it was only a normal process in the company. According to Brazel et al., this is a grave issue because data manipulation should not be allowed at any level of accounting record keeping or documentation and not for any reasons.
The third case focuses on the testing of some account balance that initially did not seem to pose any professional skepticism. Nevertheless, on analyzing the balances,

The expert that handled my last order should do this. I have already dropped a message for him. He's aware of what to do

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