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Auditing Cases 6th Edition by Mark Beasley,Frank Buckless,Steven Glover,Douglas Prawitt
Edition 6ISBN: 978-0133852103Auditing Cases 6th Edition by Mark Beasley,Frank Buckless,Steven Glover,Douglas Prawitt
Edition 6ISBN: 978-0133852103 Exercise 1
Identify and describe two common judgment traps.
Explanation
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The two common judgment traps are as follows:
1. Rush to solve: It is a very common judgment trap and is having a tendency to immediately solve the problem by making a quick judgment. In such type of trap, an individual can sometimes end up in solving the wrong problem. In this trap person are in rush to solve their problem as soon as possible and for that they often choose the easily available alternative.2. Judgment triggers: It is a situation when a particular alternative is used to define a problem in place of a well thought out problem. The people often create triggers because they are in such a hurry to solve the problem and their judgments are often based on the incomplete facts or understanding.
1. Rush to solve: It is a very common judgment trap and is having a tendency to immediately solve the problem by making a quick judgment. In such type of trap, an individual can sometimes end up in solving the wrong problem. In this trap person are in rush to solve their problem as soon as possible and for that they often choose the easily available alternative.2. Judgment triggers: It is a situation when a particular alternative is used to define a problem in place of a well thought out problem. The people often create triggers because they are in such a hurry to solve the problem and their judgments are often based on the incomplete facts or understanding.
Auditing Cases 6th Edition by Mark Beasley,Frank Buckless,Steven Glover,Douglas Prawitt
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