Auditing and Attestation- Certified Public Accountant (CPA) Practice Exam -

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Study for the Auditing and Attestation CPA Exam. Focus on key auditing concepts and attestation standards with multiple choice questions and detailed explanations. Boost your exam readiness today!

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Which of the following is NOT a responsibility of an auditor?

  1. Complying with relevant ethical requirements.

  2. Maintaining professional judgment throughout the audit.

  3. Having minimum technical knowledge of the relevant industry.

  4. Exercising professional skepticism during the audit.

The correct answer is: Having minimum technical knowledge of the relevant industry.

The responsibility of an auditor encompasses various ethical and professional standards, which include complying with relevant ethical requirements, maintaining professional judgment, and exercising professional skepticism. Each of these functions is fundamental to the integrity and effectiveness of the auditing process. Complying with ethical requirements ensures that auditors act with integrity, objectivity, and independence, thereby safeguarding the trust placed in the audit. Maintaining professional judgment throughout the audit involves making informed decisions based on the circumstances, which is crucial for evaluating evidence and assessing risks accurately. Exercising professional skepticism challenges auditors to question the validity of the information presented, thereby enhancing the quality of the audit. While having a sufficient technical knowledge of the relevant industry can certainly enhance the auditor's ability to perform the audit effectively, it is not explicitly classified as an inherent responsibility as per the auditing standards. The auditor is expected to have a baseline understanding of the industry; however, the focus is more on the application of ethical conduct, professional skepticism, and judgment rather than the possession of industry-specific knowledge itself. Therefore, this choice is the one that does not represent a core responsibility of an auditor.