Auditing with data and analytics: External reviewers' judgments of audit quality and effort

IF 3.2 3区 管理学 Q1 BUSINESS, FINANCE
Scott A. Emett, Steven E. Kaplan, Elaine G. Mauldin, Jeffrey S. Pickerd
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引用次数: 0

Abstract

Audit firms hesitate to take full advantage of data and analytics (D&A) audit approaches because they lack certainty about how external reviewers evaluate those approaches. We propose that external reviewers use an effort heuristic when evaluating audit quality, judging less effortful audit procedures as lower quality, which could shape how external reviewers evaluate D&A audit procedures. We conduct two experiments in which experienced external reviewers evaluate one set of audit procedures (D&A or traditional) within an engagement review, while holding constant the procedures' level of assurance. Our first experiment provides evidence that external reviewers rely on an effort heuristic when evaluating D&A audit procedures—they perceive D&A audit procedures as lower in quality than traditional audit procedures because they perceive them to be less effortful. Our second experiment confirms these results and evaluates a theory-based intervention that reduces reviewers' reliance on the effort heuristic, causing them to judge quality similarly across D&A and traditional audit procedures.

使用数据和分析进行审计:外部审核人员对审计质量和工作的判断
审计公司不愿充分利用数据和分析(D&A)审计方法,因为他们不确定外部审稿人如何评估这些方法。我们建议外部审稿人在评估审计质量时使用努力启发式,将不那么努力的审计程序判断为较低的质量,这可能会影响外部审稿人如何评估D&A审计程序。我们进行了两个实验,其中经验丰富的外部审核员在审计业务审查中评估一套审计程序(D&A或传统),同时保持程序的保证水平不变。我们的第一个实验提供了证据,表明外部审查员在评估D&A审计程序时依赖于努力启发式——他们认为D&A审计程序的质量低于传统审计程序,因为他们认为D&A审计程序不那么费力。我们的第二个实验证实了这些结果,并评估了一种基于理论的干预,这种干预减少了审查员对努力启发式的依赖,使他们在D& a和传统审计程序中对质量做出类似的判断。
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来源期刊
CiteScore
6.20
自引率
11.10%
发文量
97
期刊介绍: Contemporary Accounting Research (CAR) is the premiere research journal of the Canadian Academic Accounting Association, which publishes leading- edge research that contributes to our understanding of all aspects of accounting"s role within organizations, markets or society. Canadian based, increasingly global in scope, CAR seeks to reflect the geographical and intellectual diversity in accounting research. To accomplish this, CAR will continue to publish in its traditional areas of excellence, while seeking to more fully represent other research streams in its pages, so as to continue and expand its tradition of excellence.
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