The Auditor Must Gather Evidence Guided by the Standard of Due

question 47

Multiple Choice

The auditor must gather evidence guided by the standard of due professional care.Due professional care requires

• A)the auditor to perform audit duties with skill comparable to that of any other client
• B)to gather statements and interpret statements in a manner that any other professional would have done
• C)the auditor to know accounting and auditing requirements
• D)the auditor to be knowledgeable about the client

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Definitions:

Employment Discrimination

The unfair treatment of employees or job applicants based on race, gender, age, religion, nationality, disability, or other protected characteristics.

Poverty Rate

The proportion of the population living below the poverty line, indicating the percentage of people whose income falls below the minimum level necessary to meet basic needs.

Property Income

Income earned from the ownership of assets like land, buildings, or stocks, excluding labor or active involvement.

Poverty Line

The lowest amount of income considered sufficient for living in a specific country.