Madison Is in the Process of Gathering Evidence to Support

Multiple Choice

Madison is in the process of gathering evidence to support the audit opinion on Jefferson & Adams, Inc. She's a new staff accountant and wants to make sure she exercises the appropriate level of professional skepticism. Madison asks for your advice as the senior on the audit. How best might you guide her as to the skepticism issues?

A) Accept management's representation unless they fail to provide adequate supporting documentation
B) Always review the evidence you gather to assess persuasiveness
C) Approach the audit assuming fraud does exist
D) Keep an open mind and rely on your team in making professional judgments