The standard of due care to which the auditor is expected to be held is referred to as the

Question

Quizplus · Accepted Answer

The standard of due care to which the auditor is expected to be held is commonly referred to as the prudent person concept. This standard requires auditors to exercise a level of professional skill and care that would be reasonably expected of a competent auditor in similar circumstances. The auditor must apply the same level of care, skill, and diligence that a prudent person would apply in similar circumstances. This standard is based on the common law doctrine of negligence and is widely recognized in the auditing profession. Therefore, option A is the correct answer.

The Standard of Due Care to Which the Auditor Is