Read Auditing in Action 13-4, Incorrect Classifications Hide a Greater Net Loss, regarding fraudulent reporting at TV
Question:
Read Auditing in Action 13-4, “Incorrect Classifications Hide a Greater Net Loss,” regarding fraudulent reporting at TV Communications Network (TVCN).
REQUIRED
a. Explain why the auditor’s substantive testing was deficient.
b. How might the availability tendency have affected the auditor’s evaluation of the evidence?
c. How might the confirmation bias have affected the auditor’s evaluation of the evidence?
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a The substantive testing was deficient in that the auditor did not select a sample from the adverti...View the full answer
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Related Book For 
Auditing The Art and Science of Assurance Engagements
ISBN: 978-0134613116
14th Canadian edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones
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