Abstract: Individuals with schizophrenia have been found to exhibit a number of information processing biases that may play a role in the development and exacerbation of symptoms and may impair overall functioning. However, little is known about the factors that are associated with these cognitive biases. Recently, researchers have begun to consider whether neurocognitive deficits, common in schizophrenia, may be risk factors for the development of cognitive biases. In the present study, we assessed neurocognition (verbal learning, delayed verbal recall memory, and verbal recognition memory) and cognitive biases (knowledge corruption and impaired cognitive insight) in 72 individuals with schizophrenia or schizoaffective disorder. As hypothesized, poorer delayed verbal recall memory was associated with increased knowledge corruption. Contrary to expectations, verbal learning and verbal memory were not associated with cognitive insight. These findings suggest that an inadequate recall memory system may put patients with schizophrenia at greater risk for cognitive distortions.