After the auditor has completed all the procedures,it is important that the auditor document the work performed and review the evidence to assess the conclusion reached.This is a highly subjective process that relies heavily on
A)the auditor's professional judgment.
B)the generally accepted accounting principles.
C)the generally accepted auditing standards.
D)the Rules of Professional Conduct.

Question

Quizplus · Accepted Answer

The process of documenting the work performed and reviewing the evidence to assess the conclusion reached is subjective and relies heavily on the auditor's professional judgment. The auditor must exercise professional skepticism and evaluate the evidence to determine whether the financial statements are presented fairly in all material respects. While the generally accepted accounting principles (B), generally accepted auditing standards (C), and Rules of Professional Conduct (D) provide guidance for auditors, it is ultimately up to the auditor to use their judgment in applying the appropriate standards and principles to the specific audit engagement.

After the Auditor Has Completed All the Procedures,it Is Important