[The following note is effective for audits of fiscal years ending on or after December 15, 2024. See PCAOB Release No. 2022-002. The note effective for fiscal years ending on and after December 15, 2024, can be found here.]
Note: Due professional care imposes a responsibility on each engagement team7A/ member to comply with this standard. The exercise of due professional care requires critical review at every level of supervision of the work done and the judgment exercised by those assisting in the engagement, including preparing the report.8/
7A/The term “engagement team,” as used in this standard for review engagements, has a meaning analogous to the term’s definition in Appendix A of AS 2101, Audit Planning, for audit engagements..
8/The auditor's responsibility to exercise due professional care is consistent with the description in paragraphs .40-.41 of AT sec. 101.