Order effects and the extent of substantive testing
| Autor: | Albert Y. Lew, Herbert L. Jensen, Mike M.K. Chan |
|---|---|
| Rok vydání: | 1996 |
| Předmět: |
business.industry
media_common.quotation_subject Control (management) Judgement Audit evidence Audit substantive test Accounting Audit Internal control Belief revision General Business Management and Accounting Reading (process) business Psychology General Economics Econometrics and Finance Social psychology media_common |
| Zdroj: | Managerial Auditing Journal. 11:21-27 |
| ISSN: | 0268-6902 |
| DOI: | 10.1108/02686909610131837 |
| Popis: | Tests whether professional experience and training can mitigate recency effects in an auditor’s belief revision while evaluating internal control. In the experiment, each of the 57 auditor‐subjects was asked to complete a questionnaire on an internal control case. Four pieces of audit evidence (two positive and two negatives) were presented to the subjects in two different orders (++‐ ‐,‐ ‐++). After reading each piece of evidence, the subjects were asked to revise their degree of belief that the internal control system can prevent material errors. ANOVA tests of significance indicated that when auditors were asked to evaluate a short series of complex, mixed evidence, recency effect existed in the auditors’ judgement; however, the recency effect in the case of experienced auditors did not seem to be smaller than their less‐experienced counterparts. This tends to refute the generally accepted notion that the level of substantive testing is influenced by the number of years of audit experience in belief‐revision. |
| Databáze: | OpenAIRE |
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