Auditors are responsible for having the appropriate competence and capabilities to perform the audit, should comply with ethical requirements, and maintain professional skepticism throughout the audit.

Question

Quizplus · Accepted Answer

This statement is true according to the International Standards on Auditing (ISA) issued by the International Auditing and Assurance Standards Board (IAASB). Auditors are expected to possess the necessary skills and knowledge to perform the audit, adhere to ethical principles, and approach the audit with a critical and questioning mindset.

Auditors Are Responsible for Having the Appropriate Competence and Capabilities