Management bias is defined as _______.
A)a lack of neutrality by management in the preparation and fair presentation of information
B)evidence of neutrality by management in the preparation and fair presentation of information
C)management hiring selectively for certain key positions
D)management 'opinion' shopping' among auditors for their desired opinion

Question

Quizplus · Accepted Answer

Management bias refers to a lack of neutrality by management in the preparation and fair presentation of information. This means that management may intentionally or unintentionally provide incomplete, inaccurate or misleading information that is not neutral and unbiased. This can lead to a misrepresentation of the company's financial health or performance, which can have significant implications for investors, stakeholders and the organization itself.

Management Bias Is Defined as _______