Which of the Following Statements on Professional Judgment Is Not

question 6

Multiple Choice

Which of the following statements on professional judgment is not true?

• A)The exercise of professional judgment requires the availability of benchmarks or explicit criteria by which to evaluate alternatives.
• B)The use of professional judgment represents arbitrary behaviour.
• C)An auditor must use his or her professional judgment to determine whether management's choices are suitable within the context of the company.
• D)Applying the mandatory disclosure requirements of the CICA Handbook often involves professional judgment.

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Definitions:

1822

A specific year in the 19th century marked by various global historical events, lacking a singular defining characteristic without context.

1815

is the year marked by the end of the Napoleonic Wars with the defeat of Napoleon at the Battle of Waterloo.

Colonization Movement

An initiative mainly in the 18th and 19th centuries aimed at resettling freed African Americans in Africa, notably in Liberia.

Black Americans

Black Americans are citizens or residents of the United States with African ancestry, significantly contributing to the nation's culture, history, and socio-economic development.