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1)Jacob just joined the firm of Gordon & Towns LLC. Prior to beginning his first group audit assignment, Jacob asks to meet with his mentor,
1)Jacob just joined the firm of Gordon & Towns LLC. Prior to beginning his first group audit assignment, Jacob asks to meet with his mentor, Isaac. He asks Isaac how making judgments in an audit team setting differs from running an audit oneself. What is the best advice for Isaac to give to Jacob?
Groups are not prone to judgment traps and biases
Groups are prone to making quick decisions in order to avoid conflict
They are not the same
Good judgment principles apply only in group settings since other are involved
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