Following the discovery of fraudulent financial reporting by a company, a group of the company's investors sued
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Question:
Following the discovery of fraudulent financial reporting by a company, a group of the company's investors sued the auditors. In court, the judge reviewed the auditors' work papers and found that they were insufficient. What bias may have been at play for the judge? Identify one or more biases that could be at play, then explain.
Related Book For
Auditing a risk based approach to conducting a quality audit
ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
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