An audit must be performed with an attitude of professional skepticism. Professional skepticism consists of two primary components: a questioning mind and
A) the assumption that upper-level management is dishonest.
B) a critical assessment of the audit evidence.
C) the assumption that all employees are motivated by greed.
D) verification of all critical information by independent third parties.

Question

Quizplus · Accepted Answer

Professional skepticism means being cautious and alert in looking for potential fraud or errors. It involves having a questioning mind and critically assessing the information obtained. However, assuming upper-level management or employees are dishonest is not an appropriate approach, and verification by independent third parties is not always feasible or necessary.

An Audit Must Be Performed with an Attitude of Professional