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Unformatted text preview: F/S free from material misstatement F/S are fairly presented in accordance with GAAP Appropriate opinion to express How Many Cues? How much evidence? = f(information search costs, availability, audit and engagement risk) What kind of evidence? When to collect? What weight to put on each cue? Auditors Judgment Reality The Anatomy of a Judgment Factors Affecting Judgment Quality Person Task Environment Knowledge structure Knowledge content Personal involvement Cognitive Processes Abilities Intrinsic motivation Risk attitudes Affect Cognitive style Gender Cultural background Complexity Relevance of information Framing of task and info Order of info Presentation format Response mode Monetary incentives Accountability &amp; justification Assigned goals Feedback Groups and teams Time pressure Standards &amp; regulation...
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- Fall '08
- Financial audit, Auditor's report, Audit Program Judgments