Accounting

PROBLEMS TO AVOID WHEN BRAINSTORMING FRAUD RISKS INTRODUCTION This bind is found on the problems related with cerebrate fraud risks. The AICPA passed the Statement on Auditing Standards (SAS 99), term of Fraud. The standard requires auditors to conduct brainstorming sessions to increase their exponent to diagnose potential sources of financial statement fraud. This article puts accent mark on the ways to make better brainstorming sessions so auditors shadow move a go against understanding and benefit from it. This article addresses the 7 most common problems in brainstorming which argon: 1. military rating Apprehension 2. Groupthink 3. Cognitive Narrowing 4. well-disposed Matching 5. Social Loafing 6. Production Blocking 7. embarrassment Conflict SUMMARY on that point be twain key gain put forwards to improving group brainstorming sessions: 1. The brainstorming leader must properly assess any deficiencies and p roblems in the accredited process. - Its often difficult to determine problems in brainstorming sessions because numerous of these problems come from attitudes, beliefs, and cognitive processes with which the auditor whitethorn be unacquainted(predicate) with. 2. The brainstorming leader must go for the proper meliorate to fix the problem.

- In relation to this challenge there atomic number 18 many varying solutions an auditor can employ to improve brainstorming sessions. EVALUATION APPREHENSION It comes from the fear of unfavourable ruin and social reprisal from the members of the audit group when the members ideas are ! presented. -For example a line of thought if I label this everyone is going to think im stupid. Id better say nothing at all. This is especially plausibly in auditing settings where staff and senior auditors are expected to tolerate with partners and managers include in the brainstorming teams. To avoid this 4 introductory conventionalism should be followed: 1. alone members must not try on any idea either verbally or mentally. 2. in all members are...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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