Group Judgment and Decision Making in Auditing: Past and Future Research

Posted: 11 Mar 2016

See all articles by Ken Trotman

Ken Trotman

UNSW Australia Business School, School of Accounting

Tim Bauer

University of Waterloo - School of Accounting and Finance

Kerry A. Humphreys

UNSW Australia Business School, School of Accounting

Date Written: October 9, 2015

Abstract

We examine the research literature on audit groups/teams focusing on three main areas: the hierarchical review process, brainstorming as part of the fraud detection planning process, and consultation within firms. We restrict our discussion of these three literatures to judgment and decision making (JDM) experiments. We consider research where two or more individuals within the audit firm interact with one another face-to-face, electronically, or where one person prepares/reviews working papers for another. We outline future research within each of the above areas, as well as considering other areas of future research involving within-firm group interactions related to audit teams in context, shared mental models, and audit team diversity (including sustainability assurance), as well as interactions with groups outside the audit firm, particularly audit committees.

JEL Classification: M41

Suggested Citation

Trotman, Ken and Bauer, Tim and Humphreys, Kerry A., Group Judgment and Decision Making in Auditing: Past and Future Research (October 9, 2015). 2015. Accounting, Organizations and Society 47: 56-72, Available at SSRN: https://ssrn.com/abstract=2745620

Ken Trotman (Contact Author)

UNSW Australia Business School, School of Accounting ( email )

Sydney, NSW 2052
Australia

Tim Bauer

University of Waterloo - School of Accounting and Finance ( email )

200 University Avenue West
Waterloo, Ontario N2L 3G1
Canada

Kerry A. Humphreys

UNSW Australia Business School, School of Accounting ( email )

School of Accounting
University of New South Wales
Sydney, NSW 2052
Australia

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