Evaluate how an auditor can avoid these bias traps

Assignment Help Accounting Basics
Reference no: EM131822856

Read the pages 1-9 section of Professional Judgment and distinguish the four tendencies toward professional judgment bias:

Availability Tendency
Confirmation Tendency
Overconfidence Tendency
Anchoring Tendency

In a paper 750 to 1,050 words, evaluate how an auditor can avoid these bias traps. For the remainder of the course and subsequent assignments, continue to consider and utilize your understanding of these biases.

Reference no: EM131822856

Questions Cloud

Find the sum of the mass of container : The mass of container is 50 g when it is empty. When we complete this container with water, its mass is becoming 130 g.
Define the purpose of a balance sheet in a memo : Marci Ling is the bookkeeper for Samco Company, Inc. Marci has been trying to get the company's balance sheet to balance.
Expand portfolio - Vodafone Australia and Optus : From research via the internet or financial/business publications, note any significant announcements which may have influenced the share price of your company
Frictional forces between the barges and the water : Assume that the shoveling is always perfectly sideways, and that the frictional forces between the barges and the water do not depend on the mass of the barges.
Evaluate how an auditor can avoid these bias traps : evaluate how an auditor can avoid these bias traps. For the remainder of the course and subsequent assignments
Discuss two common risk factors for polypharmacy : Discuss two interventions you can take as a Nurse Practitioner student in your clinical practice to prevent polypharmacy complications.
What was the speed of the truck before the collision : The truck and car are locked together after the collision and move with speed 8 m/s. What was the speed of the truck before the collision?
Write down the journal entries for each transaction : Write down the journal entries for each transaction/information given and state the type of adjusting entries involved
What role did woodrow wilson play in public administration : What role did Woodrow Wilson play in public administration? Discuss the, sometimes troubled, relationship between elected officials and public administrators.

Reviews

Write a Review

Accounting Basics Questions & Answers

  During the year just ended shering distributors inc had

during the year just ended shering distributors inc. had pretax earnings from operations of 490000. in addition

  Compute the deferred income tax amount reported

Compute the deferred income tax amount reported on the balance sheet for Compute the deferred income tax amount reported on the balance sheet

  Problem regarding the accrual basis gross receipts

Compute Selma's accrual basis gross receipts for 2015.

  The appraisal department of mega-mortgage bank performs

the appraisal department of mega-mortgage bank performs appraisals of business properties for loans being considered by

  What is the price of the bond

Yan Corp. has a 2,000 par value bond outstanding with a coupon rate of 4.9 percent paid semiannually, What is the price of the bond

  Interest in american football

Fred is an American football enthusiast. He told the salesman at TV World Ltd, a local electrical shop, that he wanted a TV that would receive Channel 4 broadcasts because of his interest in American football. Fred, who is buying the TV on HP, has..

  What is effective rate stated rate and periodic rate

What is effective rate, stated rate and periodic rate?-escribe the relationship between APR, EAR and periodic rate.

  Seville company manufactures a product with a unit variable

seville company manufactures a product with a unit variable cost of 42 and a unit sales price of 75. fixed

  The return on assets

What does it mean when the return on assets 5% is greater than the return on stockholders' equity 3.75%?

  Cosmo corporation is projecting a cash balance of 32785 in

cosmo corporation is projecting a cash balance of 32785 in its december 31 2013 balance sheet. cosmo schedule of

  The income tax benefit of the operating loss

Prepare the journal entry to recognize the income tax benefit of the operating loss.

  What is the amount of laurie deductible investment

Laurie has a brokerage account at Dean Schwab, Inc. She makes investments on margin through this account. During the current year, she incurs $10,000 in margin interest in the account. Income generated through the brokerage account was.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd