Professional Skepticism: Discuss how critical thinking relates to the term professional skepticism.
Critical thinking focuses on problem definition and problem solving, it is a rational response to questions that may lack definite answers or that may be missing relevant information. It's purpose is to explore situations to arrive at justifiable conclusions and optimal solutions.
The accountants professional skepticism, that of questioning management's responses, involves critical thinking that entails an attitude of examining and recognising emotion-laden and explicit or hidden assumptions behind each questions.
SUMMARY:
Critical thinking is the skill that skepticism tells you is needed.
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