Professional skepticism requires auditors to "either assume that management is dishonest or they have questionable honesty."

Question

Quizplus · Accepted Answer

Professional skepticism does not require auditors to assume that management is dishonest or has questionable honesty. Rather, it requires auditors to approach the audit with a critical mindset and to consider the potential for fraud or errors in the financial statements. It is important for auditors to maintain a professional skepticism and not blindly accept management's assertions without proper support and evidence.

Professional Skepticism Requires Auditors to "Either Assume That Management Is