Explain self-serving bias and its influence on audit judgment.

Question

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Answer 1

Question

Chapter 4, Problem 1DQ

To determine

Explain self-serving bias and its influence on audit judgment.

Expert Solution & Answer

Explanation of Solution

The self-serving bias is a cognitive bias. It is the distorted perceptual process of an individual to enhance the self-esteem. The self-serving bias leads an individual to perceive oneself in an excessively favorable manner.

The self-serving bias is a situation wherein the people attribute all the positive events to their character and the negative events to other factors. In audit this shall be a problem when the individual considers oneself to be always correct and tries to take all the credit.

The tendency of overconfidence could be one of the reasons of self-serving bias. This however affects the objectivity and skepticism of an auditor and impact the audit judgment.

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Answer 2

Question

Chapter 4, Problem 1DQ

To determine

Explain self-serving bias and its influence on audit judgment.

Expert Solution & Answer

Explanation of Solution

The self-serving bias is a cognitive bias. It is the distorted perceptual process of an individual to enhance the self-esteem. The self-serving bias leads an individual to perceive oneself in an excessively favorable manner.

The self-serving bias is a situation wherein the people attribute all the positive events to their character and the negative events to other factors. In audit this shall be a problem when the individual considers oneself to be always correct and tries to take all the credit.

The tendency of overconfidence could be one of the reasons of self-serving bias. This however affects the objectivity and skepticism of an auditor and impact the audit judgment.

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Answer 3

Question

Chapter 4, Problem 1DQ

To determine

Explain self-serving bias and its influence on audit judgment.

Expert Solution & Answer

Explanation of Solution

The self-serving bias is a cognitive bias. It is the distorted perceptual process of an individual to enhance the self-esteem. The self-serving bias leads an individual to perceive oneself in an excessively favorable manner.

The self-serving bias is a situation wherein the people attribute all the positive events to their character and the negative events to other factors. In audit this shall be a problem when the individual considers oneself to be always correct and tries to take all the credit.

The tendency of overconfidence could be one of the reasons of self-serving bias. This however affects the objectivity and skepticism of an auditor and impact the audit judgment.

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Answer 4

Question

Chapter 4, Problem 1DQ

To determine

Explain self-serving bias and its influence on audit judgment.

Expert Solution & Answer

Explanation of Solution

The self-serving bias is a cognitive bias. It is the distorted perceptual process of an individual to enhance the self-esteem. The self-serving bias leads an individual to perceive oneself in an excessively favorable manner.

The self-serving bias is a situation wherein the people attribute all the positive events to their character and the negative events to other factors. In audit this shall be a problem when the individual considers oneself to be always correct and tries to take all the credit.

The tendency of overconfidence could be one of the reasons of self-serving bias. This however affects the objectivity and skepticism of an auditor and impact the audit judgment.

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Answer 5

Chapter 4, Problem 1DQ

To determine

Explain self-serving bias and its influence on audit judgment.

Expert Solution & Answer

Explanation of Solution

The self-serving bias is a cognitive bias. It is the distorted perceptual process of an individual to enhance the self-esteem. The self-serving bias leads an individual to perceive oneself in an excessively favorable manner.

The self-serving bias is a situation wherein the people attribute all the positive events to their character and the negative events to other factors. In audit this shall be a problem when the individual considers oneself to be always correct and tries to take all the credit.

The tendency of overconfidence could be one of the reasons of self-serving bias. This however affects the objectivity and skepticism of an auditor and impact the audit judgment.

Answer 6

Chapter 4, Problem 1DQ

To determine

Explain self-serving bias and its influence on audit judgment.

Expert Solution & Answer

Explanation of Solution

The self-serving bias is a cognitive bias. It is the distorted perceptual process of an individual to enhance the self-esteem. The self-serving bias leads an individual to perceive oneself in an excessively favorable manner.

The self-serving bias is a situation wherein the people attribute all the positive events to their character and the negative events to other factors. In audit this shall be a problem when the individual considers oneself to be always correct and tries to take all the credit.

The tendency of overconfidence could be one of the reasons of self-serving bias. This however affects the objectivity and skepticism of an auditor and impact the audit judgment.

Answer 7

Chapter 4, Problem 1DQ

To determine

Explain self-serving bias and its influence on audit judgment.

Answer 8

Expert Solution & Answer

Explanation of Solution

The self-serving bias is a cognitive bias. It is the distorted perceptual process of an individual to enhance the self-esteem. The self-serving bias leads an individual to perceive oneself in an excessively favorable manner.

The self-serving bias is a situation wherein the people attribute all the positive events to their character and the negative events to other factors. In audit this shall be a problem when the individual considers oneself to be always correct and tries to take all the credit.

The tendency of overconfidence could be one of the reasons of self-serving bias. This however affects the objectivity and skepticism of an auditor and impact the audit judgment.