Professional Skepticism Is Important Because Without It Auditors Are Susceptible

question 43

True/False

Professional skepticism is important because without it auditors are susceptible to accepting weak or inaccurate audit evidence.

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Definitions:

Bureaucratic

Pertaining to a system of government or organization that is marked by fixed rules, a hierarchy of authority, and a focus on procedural correctness.

Centralized

A system where decision-making authority is concentrated at a single point or in the hands of few within an organization.

Decentralized

A system where decision-making powers are distributed among various levels or locations rather than being concentrated in a central authority.

Acceptable Behaviors

Actions or conduct considered appropriate or satisfactory within a social or work context.