Because of the risk of material misstatement, an audit of a financial report in accordance with the auditing standards should be planned and performed with an attitude of:
A) objective judgment.
B) independent integrity.
C) professional scepticism.
D) impartial conservatism.

Question

Quizplus · Accepted Answer

Professional scepticism is a critical attitude that an auditor should adopt in performing an audit. It involves adopting a questioning mind and being alert to situations that may indicate potential misstatements in the financial information being audited. It is also essential for auditors to maintain a level of professional skepticism throughout the audit process to identify any biases that may impact the audit's overall quality. Therefore, option (C) is the correct answer.

Because of the Risk of Material Misstatement, an Audit of a Financial