Professional Judgment Is a Widely Used Concept in Accounting and Auditing.How

Multiple Choice

Professional judgment is a widely used concept in accounting and auditing.How is it defined in the audit standards?

A) There is no definition of professional judgment in the auditing standards.
B) Professional judgment includes consideration of key principles and concepts of disciplines underlying the professional standards, such as economics, psychology, law, finance, statistics and philosophy.
C) Professional judgement means reaching a complex decision by incorporating auditing standards, accounting standards, and rules of professional ethics in a coherent manner.
D) Professional judgement involves specialized concepts and language integrating several disciplines in order to provide appropriate justification for audit decisions.