Professional Judgement
Published: 24 September 2023
1 minute read
This is non-prescriptive guidance on the effective exercise of professional judgment by auditors. It comprises a framework for making professional judgements and a series of illustrative examples showing the exercise of professional judgement in practice.
Professional judgement is required in all areas of an audit, and in the design, implementation and operation of a system of quality management at the firm level. The effective exercise of professional judgement, by practitioners at all levels of seniority, is a critical component of a quality audit.
| Name | FRC Professional Judgement Guidance June 2022 |
|---|---|
| Publication date | 23 June 2022 |
| Type | Guidance |
| Notes | Complete document |
| Format | PDF, 4.4 MB |
| Name | FRC Professional Judgement Framework June 2022 |
| Publication date | 23 June 2022 |
| Notes | Excerpts from the complete document |
| Format | PDF, 3.2 MB |
| Name | FRC Professional Judgement Guidance Illustrative examples June 2022 |
| Publication date | 23 June 2022 |
| Type | Guidance |
| Notes | Excerpts from the complete document |
| Format | PDF, 2.8 MB |
| Name | FRC Professional Judgement Guidance - Expectations Paper June 2022 |
| Publication date | 23 June 2022 |
| Notes | Paper setting out FRC expectations |
| Format | PDF, 1.9 MB |