In Order to Gain an Understanding of Internal Controls,an Auditor

question 62

True/False

In order to gain an understanding of internal controls,an auditor will use walkthrough of the process,inquiry,observation,and review of the client's documentation.

Define the terms population, sample, and representative sample in the context of research.

Identify factors that contribute to the placebo effect.

Recognize the importance of drawing a representative sample for generalizability of research findings.

Understand the concept of sampling bias and its impact on research conclusions.

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Definitions:

Cognitive Dissonance

A psychological phenomenon involving discomfort experienced by an individual when holding contradictory beliefs or values.

Bystander Effect

A social psychological phenomenon where individuals are less likely to offer help to a victim when other people are present, often resulting from diffusion of responsibility.

Polarization Effect

A process whereby a group's viewpoints become more extreme as the members discuss and reinforce one another's attitudes, often leading to a more pronounced division.

Recency Effect

The tendency to evaluate others in terms of the most recent impression.