1a. Which of the following is an example of availability bias?

Auditor believes they have done a great job and is surprised with any follow-up review questions.

Auditor believes financial results will be similar to last years.

Auditor insufficiently adjusts an initial value when forming a final judgement.

Auditor looks to gather evidence that supports managements explanation.

1b.

Related parties present risk to the auditor as

transactions may not be accounted for and disclosed in the financial statements.

1c.

Which of the following is NOT an example of a detective control?

sales manager reviews daily shipments, total sales, and sales per unit shipped for accuracy

sales invoices are priced automatically using a master pricing file

quarterly review of credit balances in accounts receivable to determine the cause

bank reconciliation and follow-up of unexpected outstanding items

they are prone to fraud and error.

transactions are in the ordinary course of business.

they involve associations that are independent of the client.