Page 147 - COSO Guidance
P. 147
Enhancing Board Oversight: Avoiding Judgment Traps and Biases | iii
Content Outline Page
introduction 1
A Model of Good Judgment 3
Our intuitive Judgment Processes Can Betray Us 4
Common Judgment Traps 5
Boosting the Board’s Ability to Appropriately
Challenge Judgments Through Proactive Framing 7
Common Judgment Tendencies and related Biases 9
Tendencies That Can Lead to Bias 10
Mitigating the Effects of Judgment Traps and Biases 15
Summary Observations 17
About COSO 20
About the Authors 20
w w w . c o s o . o r g
