Problem

(Objective 11-3) The two components of professional skepticism are a questioning mind and...

(Objective 11-3) The two components of professional skepticism are a questioning mind and a critical assessment of the audit evidence. How do these components help an auditor distinguish an unintentional misstatement from an intentional (fraudulent) misstatement?

Objective 11-3

Understand the auditor’s responsibility for assessing the risk of fraud and detecting material misstatements due to fraud.

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