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 necessary for an auditor to maintain an unbiased and questioning mindset while conducting an audit. This includes a critical evaluation of the audit evidence and the financial statements' reliability, which helps identify any misstatements or errors. The other options (A) Objective cynicism, (B) Independent differentialism, and (D) Impartial conservatism, although they may sound reasonable, are not appropriate attitudes for auditors to have during an audit.

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