When Testing Details of Balances, Most Audit Procedures Satisfy Only

question 2

True/False

When testing details of balances, most audit procedures satisfy only one balance-related objective, but more than one audit procedure should be used to test each objective.

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Definitions:

Fundamental Attribution Error

The tendency to overestimate the effect of disposition or personality and underestimate the effect of the situation in explaining social behavior.

Vignettes

Short, descriptive pieces of writing or speech that capture a moment, character, or setting in a detailed way.

Dispositional Attribution

A psychological process whereby individuals attribute behavior to the internal characteristics of the agent, rather than to external factors.

Situational Attribution

The process of attributing a person’s behavior to external or environmental factors.