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Auditors must make judgments about various aspects of an audit on the basis of their...

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Accounting

Auditors must make judgments about various aspects of an audit on the basis of their own direct experience , indirect experience , or a combination of the two . In a study , auditors were asked to make judgments about the frequency of errors to be found in an audit . The judgments by the auditors were then compared to the actual results . Suppose the following data were obtained from a similar study lower scores indicate better judgments
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