Professional judgment needs to be exercised throughout the audit.

It also needs to
be appropriately documented. In this regard, the auditor is required to prepare audit
documentation sufficient to enable an experienced auditor, having no previous
connection with the audit, to understand the significant professional judgments
made in reaching conclusions on significant matters arising during the audit.13
Professional judgment is not to be used as the justification for decisions that are not
otherwise supported by the facts and circumstances of the engagement or sufficient
appropriate audit evidence.