Cognitive Heuristics and Biases in Behavioral Auditing: Review, Comments and Observations

The purposes of this paper are: (1) to provide background on the heuristics and biases approach to decision making; (2) to describe some of the issues being debated in psychology concerning this approach; (3) to review relevant studies from the behavioral auditing research literature; (4) to provide comments on the trends in the auditing literature; (5) to offer comments about the advantages and disadvantages of this approach; and (6) to make some observations about future prospects for this research tradition.