The Auditor Does Not Have an Obligation to Use Professional

question 11

True/False

The auditor does not have an obligation to use professional skepticism for significant assumptions used by actuaries since they are independent from management and are also professionals.

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Definitions:

Cohesion

The degree to which members of a group or team stick together, united by shared goals, mutual support, and a sense of belonging.

Efficient Communication

The process of exchanging information in a way that minimizes waste and maximizes clarity and understanding.

Effective Communication

The exchange of information in a manner where the intended message is successfully delivered, received, and understood by all parties involved.

Failure

The condition or fact of not achieving the desired end or ends, such as missing a target or not meeting a standard.