An auditor that exercises adequate professional skepticism will be less likely to overlook unusual circumstances,to over-generalize from limited audit evidence,or to use inappropriate assumptions in determining the nature,timing,and extent of audit procedures.

Question

Quizplus · Accepted Answer

Adequate professional skepticism helps auditors approach their work with a questioning mindset and avoid making assumptions, leading to a higher likelihood of uncovering unusual circumstances and obtaining sufficient evidence to support their findings. Therefore, this statement is true.

An Auditor That Exercises Adequate Professional Skepticism Will Be Less