Which of the Following Is an Accurate Statement About Professional

question 10

Multiple Choice

Which of the following is an accurate statement about professional skepticism?

• A) Professional skepticism involves a critical assessment of the evidence.
• B) Professional skepticism is easy to implement in practice.
• C) It is easy for auditors to understand that their clients may try to deceive them throughout the audit process.
• D) Professional skepticism is only necessary for the audits of public companies.

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Definitions:

Potential Ramifications

Possible consequences or outcomes that may result from a particular action or decision.

Decision

The act or process of making a choice among available alternatives based on judgement or information.

Unplanned Investments

Financial allocations into assets or ventures without prior strategy or consideration, often leading to higher risk.

Technology Shares

Stocks or equity interests in companies that operate within the technology sector.