Which of the following statements about intuitive approaches is/are false? -Ignoring or discounting items that are complex or not understood well. -Little (formalised) thinking about risks, uncertainties and unknowns. -Rapid decision-making, with a bias to reinforce initial conclusions. -Lack of transparency into decision criteria and the importance placed on various items. -All statements about intuitive approaches are true.

Which of the following statements about intuitive approaches is/are false? -Ignoring or discounting items that are complex or not understood well. -Little (formalised) thinking about risks, uncertainties and unknowns. -Rapid decision-making, with a bias to reinforce initial conclusions. -Lack of transparency into decision criteria and the importance placed on various items. -All statements about intuitive approaches are true.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter7: Planning The Audit: Identifying, Assessing, And Responding To The Risk Of Material Misstatement

Section: Chapter Questions

Problem 8CYBK

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