Assignment:
Final Heuristics and Biases Paper
Consider ANY FIVE heurisitics and/or biases (five in total, not five of each) that we studied this semester, including those illustrated through the heurisitics questionnaire, those discussed in all seven research papers we read, and the KPMG Monograph. For EACH heuristic/bias, provide the following:
1. A definition or explanation of the heuristic/bias. Provide proper citations where appropriate.
2. Discussion of how the heuristic/bias could affect an audit. Be specific in your discussion including what parts, procedures, and/or evidence of an audit could be affected.
3. Discussion of any factors or strategies that might mitigate or affect the heuristic/bias.
4. Discussion of how the heuristic/bias was evident or could have affected a case you read during the rest of the semester (includes both cases you provided a formal write-up for and those that you did not). Be specific by clearly identifying the case and the specific factors/scenarios that you believe indicate the heuristic/bias was present. You can feel free to be somewhat creative here.
WRITING REQUIREMENTS/RESTRICTIONS
Prepare a Word document with the answers to the questions above, making sure to meet the following requirements/restrictions.
12-point font
One inch margins
Double-spaced
6 pages or less.