An auditor should recognize that the application of auditing procedures may produce evidence indicating the possibility of errors or fraud and therefore should:
A)plan and perform the engagement with an attitude of professional skepticism.
B)not rely on internal controls that are designed to prevent or detect errors or fraud.
C)design audit tests to detect unrecorded transactions.
D)extend the work to audit the majority of the recorded transactions and records of an entity.

Question

Quizplus · Accepted Answer

Professional skepticism is a fundamental attribute of an auditor, and it requires them to maintain an attitude of questioning and critical assessment of audit evidence. It enables the auditor to maintain an unbiased mindset while conducting the audit and helps the auditor to identify areas that need further investigation. Therefore, an auditor should plan and perform the engagement with an attitude of professional skepticism so that they can recognize the possibility of errors or fraud.

An Auditor Should Recognize That the Application of Auditing Procedures