What constitutes reasonable care, skill and caution in an audit depends on the:

Question

Quizplus · Accepted Answer

The particular circumstances of each case, such as the client's industry, size, complexity, and risk, determine what constitutes reasonable care, skill and caution in an audit. While all answer choices may play a role in the assessment of reasonable care, skill, and caution, C is the most comprehensive and specific answer. The auditing standards provide a framework for the auditor's work, but they do not prescribe exact actions or procedures to follow. The level of audit risk involved and the integrity of management are important factors to consider but are not the only factors determining the standard of care.

What Constitutes Reasonable Care, Skill and Caution in an Audit