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

question 28

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 judgment
• B)independent integrity
• C)professional skepticism
• D)impartial conservatism

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Definitions:

Internal Environment

The conditions and processes occurring within an organism's body that ensure its stable operation and life activities.

Tolerable Range

The range of environmental conditions within which an organism can survive and reproduce without experiencing stress.

Carolus Linnaeus

A Swedish botanist, physician, and zoologist in the 18th century, who laid the foundations for the modern scheme of binomial nomenclature.

Natural Selection

The mechanism through which better-suited organisms to their surroundings are more likely to survive and yield a higher number of progeny.