Auditing standards require that a brainstorming session should be held at the beginning of each audit to help identify steps to assess the possibility that material misstatements fraud in the financial statements exist Discuss how brainstorming sessions might enhance audit judgments, professional skepticism, and decision making Consider the groupthink dimension in your discussion

Question: Auditing standards require that a brainstorming session should be held at the beginning of each audit to help identify steps to assess the possibility that

Auditing standards require that a "brainstorming" session should be held at the beginning of each audit to help identify steps to assess the possibility that material misstatements/fraud in the exist. Discuss how brainstorming sessions might enhance audit judgments, professional skepticism, and decision making. Consider the groupthink dimension in your discussion?

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An exchange of ideas or brainstorming is a group activity so group thinks would be affected This may be a positive or negative feature depending on th... View full answer

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