Mohd Iskandar, Takiah
A review of expertise in auditing.
Analisis, 10 (1).
This paper reviews past studies on audit expertise, and discusses some important issues relating to it. Earlier studies in this area had mainly focused on the effects of experience on auditors’ performance. These experiences were
measured in terms of consensus, cue weighting, self-insight, and stability of auditors’ judgments. However, results were inconclusive. Further developement in the research on audit judgments showed the need to diferentiate auditors’ expertise according to ability and knowledge. Given that audit work requires an understanding and knowledge of specific industry, auditors’ expertise is specified in terms of industry specific knowledge. Studies show that auditors develop industry-based knowledge structure. As suggested by past studies, industry specialisation is an important characteristic in auditing practice that develops into an important component of audit expertise.
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