Define what is meant by 'theory' and explain how theory is useful. Do you think theory needs
Question:
Define what is meant by 'theory' and explain how theory is useful. Do you think theory needs to be considered in financial accounting?
2. Explain what is meant by positive theory.
5. It has been stated that 'many people accept theories without justification'. Identify reasons people may accept theories. Provide examples of theories that you accept or believe although you may not have direct knowledge in the area.
6. Identify a positive theory (this can be about any area; e.g. global warming). Consider how you would test whether this theory was true. Do you think you could prove it?
9. Is the following statement correct: 'Empirical research is only related to positive theories.'?
Auditing A Risk Based Approach to Conducting a Quality Audit
ISBN: 978-1305080577
10th edition
Authors: Karla Johnstone, Audrey Gramling, Larry E. Rittenberg