Because of the risk of material misstatement, an audit of financial statements in accordance with GAAS should be planned and performed with an attitude of
A)Objective judgment
B)Professional skepticism
C)Independent integrity
D)Impartial conservatism

Question

Quizplus · Accepted Answer

Professional skepticism is the attitude of questioning and critical evaluation of audit evidence, which is essential to identify and address the risk of material misstatement in financial statements. Objective judgment, independent integrity, and impartial conservatism are also important attitudes for an auditor, but they are not as directly related to the risk of material misstatement as professional skepticism.

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