Because of the risk of material misstatement,an audit of financial statements in accordance with generally accepted auditing standards should be planned and performed with an attitude of
A)professional skepticism.
B)objectivity.
C)professional integrity.
D)conservatism.

Question

Quizplus · Accepted Answer

Professional skepticism is the most appropriate attitude to adopt for an audit of financial statements as it involves questioning and critically evaluating the information presented, and being alert to the possibility of fraud or error, which can lead to material misstatement. Objectivity, professional integrity, and conservatism are also important attitudes for auditors to have, but professional skepticism is the most relevant in this context.

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