It is always a good idea for auditors to begin an audit with the professional skepticism characterized by the assumption that
A) A potential conflict of interest always exists between the auditor and the management of the enterprise under audit.
B) In audits of financial statements, the auditor acts exclusively in the capacity of an auditor.
C) The professional status of the independent auditor imposes commensurate professional obligations.
D) Financial statements and financial data are verifiable.

Question

Quizplus · Accepted Answer

Auditors should maintain professional skepticism, assuming there could be a potential conflict of interest between themselves and management, which helps them remain unbiased and vigilant for any misstatements or fraud.

It Is Always a Good Idea for Auditors to Begin