Under Generally Accepted Auditing Standards, Which of the Following Relates

question 32

Multiple Choice

Under generally accepted auditing standards, which of the following relates to the responsibilities principle?

• A)The initial planning of the audit engagement.
• B)The confirmation of accounts receivable.
• C)The completion of an internal control questionnaire.
• D)Maintaining professional skepticism and exercising professional judgment.

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Definitions:

Well-Reasoned Judgments

Decisions or opinions formed through logical thinking, considering all relevant information and arguments.

Fair-Minded

Having the ability to judge or consider something or someone in a just, impartial, and equitable manner.

Holistic Critical Thinking

A comprehensive analytical approach that combines different perspectives and aspects to assess and solve problems or make decisions.

Scoring Rubric

A set of criteria and standards used to systematically evaluate specific objectives or outcomes.