Professional Skepticism Relates to _______

question 79

Multiple Choice

Professional skepticism relates to _______.

• A)the concept that the auditors should look to make sure all statements and assertions are of substance
• B)the notion that the auditors should not believe any management assertions until they are proven
• C)the notion that the auditors should always believe any management assertions
• D)the notion that the auditor should view the work of the prior auditor with doubt

---

Definitions:

Society

An organized group of individuals living together in a structured community with shared laws, traditions, and values.

Economizing Problem

The need to make choices about how to best use limited resources to satisfy unlimited wants.

Limited Resources

The economic principle that the available resources (such as time, money, and raw materials) are insufficient to satisfy all wants and needs.

Unlimited Wants

The economic concept that human desires and needs are infinite and vary in intensity, contrasting with limited available resources.