Detection Risk Is

question 35

Multiple Choice

Detection risk is:

• A) the possibility that a misstatement will be missed when audit steps are performed.
• B) the possibility that accounts receivable will be uncollected.
• C) the possibility that inventory will not be sold.
• D) Both b and c

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Definitions:

Postdecisional Dissonance

The psychological discomfort one feels after making a difficult decision, often leading to regret or rationalization of the choice.

Insufficient Justification Effect

A phenomenon where individuals modify their attitudes or beliefs to align with their actions, especially when those actions lack adequate external justification.

Fundamental Attribution Error

The tendency to overemphasize internal characteristics for someone else's behavior and underemphasize situational factors.

Accessible Attitude

An attitude that is easily recalled from memory due to its relevance or frequency of activation.