4 Biases That Could Make An Audit Less Credible
Professional standards dictate that auditors must be objective. However, they are also human and as such are prone to cognitive biases, i.e., systematic errors in judgment. Auditors are vulnerable to a host of such biases because performance auditing involves exercising judgment and making decisions throughout the audit process (in planning, evidence collection, data analysis, managing relationships, reporting, and more).
In this Audit Tip, we identify four cognitive biases that auditors should be especially wary of.
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