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  3. professional skepticism is best described as a. an

Professional skepticism is best described as a. an intent to deceive. b. a trustful manner....

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Professional skepticism is best described as a. an intent to deceive. b. a trustful manner. c. a questioning mind d. the ability to follow professional standards Answer . Consider the following statements: I. Analytical procedures can be used in the preliminary phase of an audit t should o suggest areas, or accounts which receive more attention during the audit. one is looking for "unusual fluctuations to II. If investigate further", then one would tend to believe that the current year's results are expected to look similar to the past year's results. a. I is true II is true b. I is true; II is false. c. I is false; II is true. d. I is false; II is false. Answer_ 21. In class we discussed the following example: Year 2017 2016 2015 Unaudited 5 Current ratio In the beginning stage of an auditor, the above ratio might suggest to the auditor which of the following a. The company's financial picture has improved. b. Some current assets might be overstated c. Some current assets might be understated. d. Some current liabilities might be overstated. Answer .ith the auditing standard stating

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