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 cynicism.
B.  Independent differentialism.
C.  Professional skepticism.
D.  Impartial conservatism.


C.  Professional skepticism.

Business

You might also like to view...

The macroenvironment consists of the factors close to the company that affect its ability to serve its customers, such as suppliers, customer markets, competitors, and publics

Indicate whether the statement is true or false

Business

"Can you please explain more about ...?" is an example of a(n) ________ question.?

A) ?judgmental B) ?closed C) ?clarifying D) ?conversational

Business

Explain the differences among the following markets: niche market, segmented market, diversified market, and multisided market.

What will be an ideal response?

Business

Which of the following is true about subsurface rights?

A) The surface rights and subsurface rights cannot be separated. B) The subsurface rights are considered personal property. C) The subsurface rights extend 100 yards below the surface. D) The most valuable subsurface rights in most instances are mineral rights.

Business