Final answer:
The correct attitude to be maintained during an audit of financial statements in accordance with generally accepted auditing standards is professional skepticism.
Step-by-step explanation:
The correct attitude to be maintained during an audit of financial statements in accordance with generally accepted auditing standards is professional skepticism. Professional skepticism refers to the auditors' mindset of questioning and critically evaluating the information and evidence presented to them, including being alert to the risk of material misstatements due to fraud.
Having professional skepticism means that auditors approach the audit with a mindset that is open to the possibility of fraud and actively look for indicators of potential fraud or misstatements. This mindset helps auditors to exercise caution and challenge the information provided, enhancing the overall quality and credibility of the audit process.
For example, auditors may carefully scrutinize financial transactions, conduct additional tests or inquiries when fraud indicators are present, and take appropriate steps to gather sufficient evidence to support their conclusions.