Examlex
What types of exceptions are auditors most concerned with when evaluating populations of accounting data?
Error
A mistake or inaccuracy, often due to oversight or misunderstanding, which can affect outcomes or validity.
Judgment
The faculty to formulate thoughtful decisions or derive sound conclusions.
Representation Heuristic
A cognitive shortcut that involves making a decision based on how much something resembles a typical case.
Error
A mistake or inaccuracy in action, calculation, opinion, or judgment caused by poor reasoning or misunderstanding.
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