Which of the following is true of “professional judgement”? A.It plays an especially important role in ASPE and IFRS B.It is important where standards are based primarily on general principles rather than specific rules. C.All of the other alternatives are correct. D.It is used in conjunction with the conceptual framework in the absence of specific standards.

Professional Judgement - It is kind of behavior that requires you to make decisions, evaluation or…

Answered: Which of the following is true of…

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter4: Professional Liability, Auditor Judgment Frameworks, And Professional Responsibilities

Section: Chapter Questions

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Which of the following is true of “professional judgement”?

	A.	It plays an especially important role in ASPE and IFRS
	B.	It is important where standards are based primarily on general principles rather than specific rules.
	C.	All of the other alternatives are correct.
	D.	It is used in conjunction with the conceptual framework in the absence of specific standards.

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