ces Partial (or complete) Definition or Illustration 1 Overvaluing information that quickly comes to mind. 2 Starting with an initial belief and then insufficiently adjusting that belief when contrary information is encountered. 3 Seeking and treating as more persuasive information that is consistent with one's beliefs. 4 Overestimating one's abilities. 5 All information prepared within the audited organization. 6 Information used by the auditor that corroborates or contradicts the assertions in the financial statements 7 Information used by the auditor that corroborates the assertions in the financial statements. 8 The risk that the auditors' procedures will lead them to conclude that a misstatement does not exist when in fact it does exist. 9 The risk that a material misstatement that could occur will not be prevented or defected on a timely basis 10 A financial statomont assertion that is probable of misstatement given the nature of the further audit procedures performed. Applicable Termi