Most Auditors Prefer to Replace External Confirmation with Analytical Procedures

question 52

Multiple Choice

Most auditors prefer to replace external confirmation with analytical procedures whenever possible because the

• A)analytical procedures are more reliable.
• B)external confirmations are more expensive.
• C)analytical procedures are more persuasive.
• D)tests of details are more difficult to interpret.

Analyze the impact of framing and presentation of information on decision outcomes.

Explain the evolutionary perspective on human decision-making and problem-solving.

Understand the concepts of bounded rationality and dual-process theory in decision-making.

Appreciate the empirical and subjective nature of psychology through examples of decision-making.

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Definitions:

Civilian Conservation Corps

A public work relief program in the United States for young men from unemployed families, operative during the Great Depression, focused on natural resource conservation.

Dominican Republic

A country located on the island of Hispaniola in the Caribbean region, sharing the island with Haiti.

Cuban Invasion

Commonly refers to the Bay of Pigs Invasion in 1961, where a force of Cuban exiles, sponsored by the U.S., attempted to overthrow the Cuban government of Fidel Castro.

Urban Areas

Regions characterized by higher population density and vast human features in comparison to areas surrounding it.