a. What does it mean to approach an audit with an attitude of professional skepticism?
b. What circumstances related to the accounting treatment of the vendor allowances should increase an auditor’s professional skepticism?
c. What factors might have caused the auditor to inappropriately accept the assertions by management that the vendor allowances should be reflected in the financial statements?
d. Develop three probing questions related to the vendor allowances that the auditor should have asked in the audit of Just for Feet’s financial statements
