'Findings reveal that auditors and others use the same rules of thumb as have been prevalent in research in psychology,although often to a lesser extent.The rules of thumb of representativeness,availability,and anchoring and adjustment seem to be adopted in auditing and other business contexts in order to simplify complex judgement tasks and alleviate limitations in the cognitive processes of humans.' J.Godfrey,et el,'Accounting Theory',7^th Ed.p.476.
Explain the meaning of each of the three rules of thumb referred to in the quotation and describe and summarise the findings of one accounting or auditing research study that has been carried out in relation to one of the rules of thumb referred to above.

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The Answer of 'Findings reveal that auditors and others use the same rules of thumb as have been prevalent in research in psychology,although often to a lesser extent.The rules of thumb of representativeness,availability,and anchoring and adjustment seem to be adopted in auditing and other business contexts in order to simplify complex judgement tasks and alleviate limitations in the cognitive processes of humans.' J.Godfrey,et el,'Accounting Theory',7^th Ed.p.476. Explain the meaning of each of the three rules of thumb referred to in the quotation and describe and summarise the findings of one accounting or auditing research study that has been carried out in relation to one of the rules of thumb referred to above.

'Findings Reveal That Auditors and Others Use the Same Rules