Professional Judgment Is a Widely Used Concept in Accounting and Auditing.How

question 3

Multiple Choice

Professional judgment is a widely used concept in accounting and auditing.How is it defined in the audit standards?

• A)There is no definition of professional judgment in the auditing standards.
• B)Professional judgment includes consideration of key principles and concepts of disciplines underlying the professional standards,such as economics,psychology,law,finance,statistics and philosophy.
• C)Professional judgment means reaching a complex decision by incorporating auditing standards,accounting standards,and rules of professional ethics in a coherent manner.
• D)Professional judgment involves specialized concepts and language integrating several disciplines in order to provide appropriate justification for audit decisions.

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Definitions:

Partial Dopamine Agonists

Medications that stimulate dopamine receptors in the brain to a lesser degree than full agonists, often used in treating schizophrenia.

Antipsychotic Medications

Drugs used to treat psychiatric conditions, particularly schizophrenia and bipolar disorder, by managing symptoms such as delusions and hallucinations.

Neurotransmitters

Chemical substances that transmit signals across a synapse from one neuron to another in the nervous system.

MAOIs

Short for Monoamine Oxidase Inhibitors, a class of antidepressant drugs that work by inhibiting the enzyme responsible for breaking down neurotransmitters such as serotonin and norepinephrine.