When performing the review and completing the documentation and rationale for the conclusion step of the professional judgment process, auditors will
A) consider the accounting and auditing standards relevant to the issues.
B) articulate in written form the rationale of their judgment.
C) identify the issue.
D) gather the facts.

Question

Quizplus · Accepted Answer

When completing the documentation and rationale for the conclusion step of the professional judgment process, auditors will need to articulate in written form the rationale of their judgment. This means that they will need to explain how they got to their conclusion, including the facts that they gathered, the issues that they identified, and the accounting and auditing standards that are relevant to the situation. The goal here is to provide transparency and accountability for their work and to ensure that their decision-making process is clear and well-documented.

When Performing the Review and Completing the Documentation and Rationale