An attitude of professional skepticism means: a. the auditor can rely on past experience to determine current risk of fraud. b. any indicator of fraud is properly investigated. c.... An attitude of professional skepticism means: a. the auditor can rely on past experience to determine current risk of fraud. b. any indicator of fraud is properly investigated. c. the auditor can rely on management assertions. d. the auditor is independent of the client.
Understand the Problem
The question is asking about the meaning of a professional skepticism attitude in the context of auditing and what it entails.
Answer
Any indicator of fraud is properly investigated.
The final answer is b. any indicator of fraud is properly investigated.
Answer for screen readers
The final answer is b. any indicator of fraud is properly investigated.
More Information
Professional skepticism involves maintaining a questioning mind and critically assessing audit evidence, ensuring indicators of fraud are thoroughly investigated.
Tips
A common mistake is assuming skepticism allows reliance solely on management assertions without verification.
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