Professional Skepticism Is Required on Audit Engagements That Have a High

question 106

True/False

Professional skepticism is required on audit engagements that have a high risk of fraud but can be disregarded for all other engagements.

---

Definitions:

Civil Service

A sector of government composed mainly of career bureaucrats hired on professional merit rather than appointed or elected, whose role is the implementation of public policy.

Government Employment

Jobs within the public sector, covering positions at local, state, and federal levels, often including benefits and stability distinct from the private sector.

Legislation

Laws considered collectively, established by governing bodies to regulate, authorize, sanction, grant, declare, or restrict.

Federal Bureaucracy

The collection of government agencies and institutions that implement federal laws, policies, and programs.