Because of the Risk of Material Misstatement,an Audit of Financial

question 52

Multiple Choice

Because of the risk of material misstatement,an audit of financial statements in accordance with generally accepted auditing standards should be planned and performed with an attitude of

• A) Objective cynicism.
• B) Independent differentialism.
• C) Professional skepticism.
• D) Impartial conservatism.

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Definitions:

Meclomen

A nonsteroidal anti-inflammatory drug (NSAID) used for treating pain, inflammation, and fever.

Arthritis

A medical condition that causes inflammation and pain in the joints.

PO

An abbreviation for "per os," a Latin term meaning "by mouth," indicating that medication should be taken orally.

Nitrostat

A brand name for nitroglycerin, a medication used to treat chest pain (angina) by widening blood vessels.