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What are your thoughts on professional skepticism

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Question - As part of the Bonlat "Parmalat Financial's Center"audit, Grant Thornton, received a confirmation on Bank of America letterhead from Parmalat confirming the existence of 4.2 billion euros in an account for Bonlat. Bank of America later declared the confirmation a forgery. Investigators believe that the confirmation was forged with the use of scanners by Parmalat finance officers.

As you analyze this week's cases, what are your thoughts on professional skepticism and an auditor's objectivity as it was applied to the audit of Parmalat's Cash?

Reference no: EM132845215

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