An Auditor Does Not Revise His or Her Initial Assessment

question 20

Multiple Choice

An auditor does not revise his or her initial assessment of the quality of a firm's internal controls when contradictory evidence is subsequently obtained.This is an example of the:

• A) Anchoring and adjustment heuristic
• B) Availability heuristic
• C) Representativeness heuristic
• D) Assessment heuristic

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Definitions:

Foucault

A French philosopher and social theorist known for his critical studies of social institutions, including psychiatry, the penal system, and the history of sexuality.

Problem Worker

An employee who consistently underperforms or exhibits behavioral issues that negatively impact the workplace.

Capitalist Ideology

A belief system that supports the principles of capitalism, emphasizing private ownership of the means of production, free markets, and profit maximization.

Conflict Theory

A sociological perspective that sees social life as a competition, and focuses on the distribution of resources, power, and inequality.