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Unformatted text preview: the knowledge you using is faulty or partially correct; that’s why it’s important to reach a reasonable conclusion. The experience portion of professional judgment is hard to get right. Making a decision for the first time is tough and to make a decision that could potential affect the entire company adversely it would make the decision tougher. Avoid making decision that can cause a conflict of interest because it will most likely lead to problems (Moore). Working for a company that supports ethical behavior and who supports individuals that try to reach a bias conclusion regardless of the outcome is a work environment that will teach good professional judgment. The effect of the decision could amount to nothing or it could cause regulators to investigate why the decision was made in the first place (AICPA). When reaching a conclusion it’s always a good idea to document on how the conclusion was reached and the reasoning regarding it. During the course of coming to the conclusion that a disagreement arises between members of a team in regards to handle the solution its always best for each member to document the correct way to handle the problem and talk with your supervisor or another appropriate person within the company (AICPA). A well documented decision is a lot easier to defend then one that is made without properly researching it (AICPA). References: “Code of Professional Conduct.” http://www.aicpa.org/Pages/Default.aspx. AICPA. June 1, 2012. May 10, 2013. Moore, Guy. “The Auditor’s Report.” http://www.aaahq.org/audit/Audrep/09Fall/item01.htm. Deloitte & Touche LLP. Fall 2009. May 10, 2013....
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- Summer '12
- Decision Making, professional judgment