According to international auditing standards,professional skepticism includes being alert to all of the following except:
A)Audit evidence that contradicts other audit evidence obtained.
B)Long-standing relationships with management that should be used as a basis to trust the information they provide.
C)Information that brings into question the reliability of documents and responses to inquiries to be used as audit evidence.
D)Conditions that may indicate possible fraud.

Question

Quizplus · Accepted Answer

International auditing standards require auditors to be alert to potential risks of management bias, fraud, and other factors that may impact the reliability of audit evidence. Long-standing relationships with management may lead to excessive familiarity and a lack of skepticism, which could compromise the objectivity of the audit. As such, auditors should remain skeptical and not rely solely on their relationship with management when evaluating the reliability of the information provided. Therefore, option B is incorrect. Options A, C, and D are all aspects of professional skepticism that auditors should be alert to.

According to International Auditing Standards,professional Skepticism Includes Being Alert to All