Auditors Should Exercise Professional Skepticism, Which Means That ________

question 81

Multiple Choice

Auditors should exercise professional skepticism, which means that ________.

• A) auditors should have questioning minds and make a critical assessment of audit evidence
• B) auditors should assume that management is dishonest until proven otherwise
• C) auditors should assume that management has incentives to bias information in the financial statements
• D) auditors should believe that there is biased information in the financial statements and work to extract that type of information

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Definitions:

RR Parent

Refers to a plant that is homozygous for the round seed shape allele in Mendelian genetics, "RR" signifies both alleles for a trait are the same (dominant).

Dominant Phenotype

The observable trait or characteristics of an organism that masks the effect of a recessive allele; it is expressed in the phenotype when a dominant allele is present.

Genotype

The genetic constitution of an individual organism, determining specific traits by its DNA sequence.

Aa

An abbreviation often used in genetics to denote a homozygous recessive genotype.