Professional skepticism must be maintained only if the auditor suspects fraud.

Name: Professional skepticism must be maintained only if the auditor suspects fraud.
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Question

Quizplus · Accepted Answer

Professional skepticism must always be maintained by the auditor, regardless of whether or not fraud is suspected. This is because professional skepticism helps the auditor to identify and respond to risks of material misstatement, which can arise due to error or fraud.

Professional Skepticism Must Be Maintained Only If the Auditor Suspects