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The Purpose of Alert No

Question 167

Multiple Choice

The purpose of Alert No.10 from the PCAOB is to _______.


A) remind auditors of the requirement to appropriately apply professional skepticism throughout the audit, as well as various judgments about certain situations
B) present the new auditing standard
C) present a listing of which registered accounting firms failed to exercise professional skepticism
D) present a detailed report listing the client companies that need more scrutinizing by audit firms regarding fraud red flags

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