Jacob Just Joined the Firm of Gordon & Towns LLC

Multiple Choice

Jacob just joined the firm of Gordon & Towns LLC. Prior to beginning his first group audit assignment, Jacob asks to meet with his mentor, Isaac. He asks Isaac how making judgments in an audit team setting differs from running an audit oneself. What is the best advice for Isaac to give to Jacob?

A) They are not the same
B) Groups are not prone to judgment traps and biases
C) Groups are prone to making quick decisions in order to avoid conflict
D) Good judgment principles apply only in group settings since other are involved