What is confirmation bias? How can auditors minimize it?
Question:
What is confirmation bias? How can auditors minimize it?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (4 reviews)
Confirmation bias is the tendency to interpret evidence in a way that supports ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Auditing A Practical Approach with Data Analytics
ISBN: 978-1119401742
1st edition
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
Question Posted:
Students also viewed these Business questions
-
Imagine that you are on the board of directors of a company and you receive a letter from the chairman of the board that starts, "With deep regret and tremendous burden that I am carrying on my...
-
Confirmation Bias, Politics, Research and Last-Minute Studying: Individuals have lots of assumptions about the way the world works, assumptions that help frame how they make decisions. These...
-
Confirmation bias leads people to interpret the same information in very different ways. Given such a bias is pervasive, one must be careful in forming initial opinions. If confirmation bias is...
-
The following items were shown on the balance sheet of Martin Corporation on December 31, 2021: Stockholders' Equity Paid-In Capital Capital Stock Common stock, $5 par value, 750,000 shares...
-
After discovering a new gold vein in central Ontario, CTC Mining Corporation must decide whether to mine the deposit. The most cost-effective method of mining gold is sulfuric acid extraction, a...
-
Tasty, Inc., is a producer of potato chips. A single production process at Tasty, Inc., yields potato chips as the main product and a byproduct that can also be sold as a snack. Both products are...
-
William Stem filed an action against Gary Braden, seeking to rescind a contract for the sale of an automobile and to obtain the return of the purchase price plus interest. The trial court granted...
-
Thom DeBusk, an architect, is considering buying, restoring, and reselling a home in the Draper-Preston historic district of Blacksburg, VA. The cost of the home is $240,000 and Thom believes it can...
-
Use the attached image and SQL DDL Commands to query the appropriate tables and populate with four rows of data. Please include explanation for script. CUSTOMER PK CustomerID CustomerName Address...
-
1. Liam Richardson is the business manager for the Smith & Lyngate Insurance agencies in the state of Maryland. Liam is interested in increasing the number of agents in Baltimore and plans to buy...
-
Crescent City Fun Park (Crescent City), an amusement park with thrilling rides and a water park, sells tickets onsite and has a website that allows customers to purchase tickets in advance and bypass...
-
Which of the following situations would most likely preclude an auditor from performing substantive procedures during an interim period? a. Internal controls are weak and the risk of material...
-
Modify the flowchart of Fig. 6-2 to include an error message when a symbolic address is not defined by a label. Fig. 6-2 Set first bit to 1 Get operation code and set bits 2-4 Search address- symbol...
-
The London Independent Recently, the Independent, a daily newspaper printed in London, announced a price cut to 30 pence (P2) from 50 pence (P1). As a result, daily circulation increased from Q1...
-
Suppose the return on the market portfolio is 12.80% and the risk-free rate is 5.30%. If the standard deviation of the market portfolio is 16.00%, what is the standard deviation of a stock with an...
-
5. Work through this hypothesis test using each step of hypothesis testing. You may want to borrow the promptsfrom the previousproblem A sampleof 77 homes for salein ABC City showeda meanaskingprice...
-
evaluates the effectiveness of current levels of organisational corporate communications for a named organisation.
-
A company's non-callable bonds currently sell for $1,165. They have a 15-year maturity, a coupon rate of 8% with semiannual payments, and a par value of $1,000. What is their yield to maturity ? How...
-
Octagon Wholesalers uses a perpetual inventory system. Refer to the data in E5-2 regarding sales transactions with Stellar Stores and to the additional information below for Octagon. Mar. 1 Octagon's...
-
Define the term utility software and give two examples.
-
Explain the four regrouping activities with an example from the building supply i n dustry (nails, paint, flooring, plumbing fixtures, etc.). Do you think that many specialists d e velop in this...
-
Insurance agents are intermediaries who help other members of the channel by providing information and handling the selling function. Does it make sense for an insurance agent to specialize and work...
-
Discuss the Place objectives and distribution arrangements that are appropriate for the following products (indicate any special assumptions you have to make to obtain an answer): a. A postal scale...
-
What are the implications of mass incarceration and the criminalization of poverty for social cohesion, economic inequality, and intergenerational cycles of disadvantage?
-
Consider the following. Tis the reflection through the origin in R2: T(x, y) = (-x, y), v = (3, 4). (a) Find the standard matrix A for the linear transformation T. A= (b) Use A to find the image of...
-
Write a function to compare two strings for equality. If they are equal, zero is returned, otherwise the difference in value between the first two non-matching characters.
Study smarter with the SolutionInn App