Although auditors are well-educated professionals, they are also human beings. This means that they are susceptible to judgment biases. Departing from psychological theories, four judgment biases were discussed during Anna Gold’s well-attended masterclass:

The "human factor" plays a key role in audit quality. Breukelen, 14 June 2019 - The "ecosystem" of the entire financial reporting and assurance supply chain, in which an auditor has a role, largely determines the quality of the audit.

In this newsletter: FAR Practice Note, 2019 International Conference, FAR and CentERdata obtain assurance report on internal controls for data handling, new FAR website launched and FAR Vacancy.

The Foundation for Auditing Research (FAR), jointly with its trusted data management service provider CentERdata, has reached another milestone and received a clean auditor’s assurance report on the design and implementation of FAR data gathering and security controls as per 26 April 2019.

In this newsletter: FAR Practice Note “How auditors may confuse specialist status with skill: The effects of expert status on the audit of complex estimates”

According to estimates, between 65 and 90 percent of the professionals work in multiple teams simultaneously. This, for example, holds for professionals in health care, in research teams at universities and for knowledge workers in general. This way of working is also common practice within audit firms.