Question
Assess the impacts of cognitive, judgement and decision biases on financial advisers and their clients. Define the following two (2) barriers to ethical decision making,
- Assess the impacts of cognitive, judgement and decision biases on financial advisers and their clients.
Define the following two (2) barriers to ethical decision making, and include brief examples of how these barriers or biases could adversely affect a financial adviser's decision making when providing financial advice:
(a) rationalisation
(b) confirmation bias
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Step: 1
Cognitive biases judgment biases and decision biases can significantly impact financial advisers and their clients These biases stem from the human brains natural tendency to simplify complex informat...
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Auditing a risk based approach to conducting a quality audit
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
9th edition
9781133939160, 1133939155, 1133939163, 978-1133939153
