Which of the Following Is an Advantage of Generalized Audit

question 40

Multiple Choice

Which of the following is an advantage of generalized audit software?

• A) It facilitates alteration of data.
• B) It costs the same as basic programs and is more efficient.
• C) It can directly access and analyze data inside the database.
• D) It does not require extensive training to use it effectively.

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Definitions:

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, often oversimplifying the causes and effects.

Morality

Principles concerning the distinction between right and wrong or good and bad behavior.

Anchoring Heuristic

A cognitive bias that describes the common human tendency to rely too heavily on the first piece of information offered when making decisions.