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      Question

      Which of the following best describes the principle of

      professional skepticism in auditing?
      A Acceptance of client’s word unless proven false Correct Answer Incorrect Answer
      B Use of expert valuation Correct Answer Incorrect Answer
      C Critical assessment of audit evidence Correct Answer Incorrect Answer
      D Dependence on management representations Correct Answer Incorrect Answer

      Solution

      Professional skepticism is an attitude that includes a questioning mind and a critical assessment of evidence – fundamental to high-quality audits.

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