Examlex

Solved

One Purpose of Generalized Audit Software Packages Is to Enable

question 59

True/False

One purpose of generalized audit software packages is to enable an auditor to examine the contents of computer files of interest without having to write a computer program himself/herself.


Definitions:

Law of Small Numbers

The erroneous belief that small samples will accurately represent the larger population from which they are drawn.

Law of Small Numbers

A cognitive bias that leads people to draw broad conclusions from small samples of data.

Confirmation Bias

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

Gambler's Fallacy

The erroneous belief that if a particular event occurs more frequently than normal during the past, it is less likely to happen in the future, or vice versa, in situations that are truly random.

Related Questions