To complete Table 2, first evaluate the audit procedures and evidence described in Column 2 and determine any auditor bias in the description. Then:

• L&J should consider their own susceptibility to cognitive biases in evaluating audit evidence. In Column 3, identify the auditor bias that relates to the procedures and evidence described in Column 2. Auditor biases include availability bias, confirmation bias, overconfidence bias, anchoring bias, and automation bias. Each auditor bias is used only once.
• In Column 4, refer to SAS 142, page 28 (forthcoming as AU-C Section 200.A27) and provide the definition of the bias as stated in the standard and include the citation for the definition (e.g., AU-C 200.A27).

In Column 5, evaluate the susceptibility of the audit evidence to the auditor bias identified in Column 3 and propose additional testing the auditors should perform.

Column 1: Account	Column 2: Audit Procedure and Evidence	Column 3: Most Directly Related Auditor Bias	Column 4: Bias Definition	Column 5: Evaluate how the evidence from the audit procedure is susceptible to auditor bias and additional testing the auditors should perform.
Valuation of Megs Mutts mobile application (the app)	L&J reviewed MMs app value presented on its balance sheet and initially judged the valuation to be reasonable. To test the valuation of the app, L&J recalculated the value of the app by applying a valuation methodology compliant with financial reporting guidance for valuing software. A significant difference between MMs valuation of the app and L&Js calculation of the apps value was detected. Because L&J initially judged MMs valuation of the app to be reasonable, they are considering if their calculation of the apps value suggests a valuation different from the initial amount reported by MM.