The Effect of Process Accountability on the Evaluation of Audit Evidence: An Examination of the Audit Review Process
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Findings indicate that process accountability improved performance by exhibiting both an increase in identification of errors and a decrease in likelihood of agreement with the preparer. Findings also show that process accountability decreases efficiency by increasing overall time to complete the study and the amount of information reviewed. These results suggest that process accountability, the act of documenting the process used to perform a task, may reduce the chances of audit failure, making the reduction in efficiency acceptable.
I also find that participants in the process accountability and high risk groups may have experienced information overload. Both high client risk and process accountability have been shown to increase attention to information and time spent on a task. A decrease in errors identified by individuals in this group when compared to individuals in the process accountability and low risk group may indicate information overload. Also, attrition rates and followup responses from participants who did not complete the study indicate that information overload may have been an issue for participants in the process accountability/high risk group.
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The impact of expert systems on auditing firms : an investigation using the Delphi technique and a case study approach Baldwin-Morgan, Amelia Annette (Virginia Tech, 1991-09-17)The increasing effort to develop auditing expert systems raises many questions about their impact on public accounting firms. This research examines the status of expert systems in auditing and investigates the possible ...