3. Which of the following is not a characteristic of skepticism found in academic research on this subject ?(A) depending upon others to decide for oneself(B) searching for knowledge(C) suspending judgement until evidence is obtained(D) inquiring with a sense of doubt

5. Audit standards require the auditor to consider materiality early in the audit. Which statements regarding materiality are true ?(1) Preliminary materiality may change during the engagement.(2) Preliminary materiality is the maximum amount by which the auditor believes the financials could be misstated and still not affect the decisions of reasonable users.(3) If an auditor establishes a relatively high level for materiality, then the auditor will accumulate more evidence than if a lower level had been set.(4) The primary basis used to decide materiality for a profit-oriented entity is net assets.(5) Qualitative factors as well as quantitative factors affect materiality.(A) 1,2,4,5(B) 1,2,5(C) 2,5(D) 1,2,3,4,5

3. Which of the following is not a characteristic of skepticism found in academic research on this subject ?
(A) depending upon others to decide for oneself
(B) searching for knowledge
(C) suspending judgement until evidence is obtained
(D) inquiring with a sense of doubt

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