The standard of due care to which the auditor is expected to be held is referred to as the prudent person concept.

Name: The standard of due care to which the auditor is expected to be held is referred to as the prudent person concept.
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The prudent person concept is a standard of due care that the auditor is expected to follow, which requires the auditor to exercise the same degree of care, diligence, and skill that a reasonably prudent person would use in similar circumstances.

The Standard of Due Care to Which the Auditor Is