The cases we have studied document accounting and audit failures. Behind each of these failures were one or more individuals who made “suboptimal judgments.” Starting with WorldCom, identify unconscious biases that may have impacted the major actors

The cases we have studied document accounting and audit failures. Behind each of these failures were one or more individuals who made “suboptimal judgments.” Starting with WorldCom, identify unconscious biases that may have impacted the major actors. State the actor’s name and the bias you believe they were impacted by, along with justification. Include actors from the additional cases we studied, if needed to provide a more complete discussion.

These are few sources that can be used:

AICPA Code of Professional Conduct. (n.d.). Retrieved March 06, 2017, from https://www.aicpa.org/RESEARCH/STANDARDS/CODEOFCONDUCT/Pages/default.aspx

Auditing Standards. (n.d.). Retrieved March 06, 2017, from https://pcaobus.org/Standards/Auditing/Pages/default.aspx

Bazerman, M. H., Loewenstein, G., & Moore, D. A. (2002). Why Good Accountants Do Bad Audits. Harvard Business Review, 80(11), 96-103.

Button, K. S., Bal, L., Clark, A., & Shipley, T. (2016). Preventing the ends from justifying the means: Withholding results to address publication bias in peer-review. BMC Psychology, 4

Pronin, E. (2007). Perception and misperception of bias in human judgment. Trends in Cognitive Sciences, 11(1), 37-43. doi:10.1016/j.tics.2006.11.001

Pulliam, S. (2003). How Following Orders Can Harm Your Career. Career Journal. Retrieved March 6, 2017, from http://ww2.cfo.com/human-capital-careers/2003/10/how-following-orders-can-harm-your-career/

Thibodeau, J. C., & Freier, D. (2014). Auditing and accounting cases: investigating issues of fraud and professional ethics (Fourth ed.). New York: McGraw-Hill Global Education Holdings.

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