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)objective cynicism.
B)independent differentialism.
C)professional skepticism.
D)impartial conservatism.

Question

Quizplus · Accepted Answer

Professional skepticism is the appropriate attitude for auditors to adopt while conducting an audit. Professional skepticism encompasses an attitude of being alert to the possibility of misstatements, questioning information presented, and being intellectually curious. This attitude is necessary to ensure auditors obtain sufficient and appropriate audit evidence to form an opinion on the financial statements. Options A, B, and D are not appropriate attitudes for auditors to adopt while conducting an audit.

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