Select which option is correct. Select one or more: A. The level of professional skepticism can be reduced where the auditor has past experience with the entity indicating the honesty and integrity of management. B. Professional skepticism implies an expectation of fraud or error, so is a biased viewpoint. C. The level of professional skepticism needs to be maintained throughout the whole engagement. D. Professional skepticism is not important in considering management's explanations for unusual trends
Select which option is correct. Select one or more: A. The level of professional skepticism can be reduced where the auditor has past experience with the entity indicating the honesty and integrity of management. B. Professional skepticism implies an expectation of fraud or error, so is a biased viewpoint. C. The level of professional skepticism needs to be maintained throughout the whole engagement. D. Professional skepticism is not important in considering management's explanations for unusual trends
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter14: Completing A Quality Audit
Section: Chapter Questions
Problem 28RQSC
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Question
Which of the following statements are correct?
Select which option is correct.
Select one or more:
A.
The level of professional skepticism can be reduced where the auditor has past experience with the entity indicating the honesty and integrity of management.
B.
Professional skepticism implies an expectation of fraud or error, so is a biased viewpoint.
C.
The level of professional skepticism needs to be maintained throughout the whole engagement.
D.
Professional skepticism is not important in considering management's explanations for unusual trends
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