Identifying auditor stopping rules in decision making under uncertainty

White, A; Harding, N

Identifying auditor stopping rules in decision making under uncertainty

White, A

Harding, N

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Publisher:: AFAANZ
Publication Type:: Conference Proceeding
Citation:: 2008 AFAANZ/IAAER Conference website papers, 2008, pp. 1 - 36
Issue Date:: 2008-01

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Field	Value	Language
dc.contributor.author	White, A https://orcid.org/0000-0003-1164-7806	en_US
dc.contributor.author	Harding, N	en_US
dc.contributor.editor	Hay, D	en_US
dc.contributor.editor	Moroney, R	en_US
dc.date	2008-07-06	en_US
dc.date.issued	2008-01	en_US
dc.identifier.citation	2008 AFAANZ/IAAER Conference website papers, 2008, pp. 1 - 36	en_US
dc.identifier.uri	http://hdl.handle.net/10453/11459
dc.description.abstract	A stopping rule is a mechanism whereby the decision maker chooses to stop the search for information and make a decision (Gigerenzer and Selten 2001). This study analyses rich verbal protocol data provided by experienced auditors completing a detailed risk identification case to increase our understanding how stopping rules are applied by auditors, the impact of different stopping rules on judgment performance, and the influence of taskspecific experience and the availability of a decision aid on the relationship between stopping rules and performance. The results revealed that while auditors use a combination of stopping rules, those rules involving the development of a mental model of the client were generally favoured and led to superior performance. Participants generally ignored a decision aid checklist that was made available as a structured alternative to their own stopping rule.	en_US
dc.publisher	AFAANZ	en_US
dc.relation.ispartof	2008 AFAANZ/IAAER Conference website papers	en_US
dc.relation.ispartof	Accounting and Finance Association of Australia and New Zealand Conference	en_US
dc.title	Identifying auditor stopping rules in decision making under uncertainty	en_US
dc.type	Conference Proceeding
utslib.location	Sydney, Australia	en_US
utslib.location.activity	Sydney, Australia	en_US
utslib.for	150102 Auditing and Accountability	en_US
dc.location.activity	Sydney, Australia	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Accounting Discipline
utslib.copyright.status	open_access
pubs.consider-herdc	true	en_US
pubs.place-of-publication	Sydney, Australia	en_US
pubs.start-date	2008-07-06	en_US

Abstract:

A stopping rule is a mechanism whereby the decision maker chooses to stop the search for information and make a decision (Gigerenzer and Selten 2001). This study analyses rich verbal protocol data provided by experienced auditors completing a detailed risk identification case to increase our understanding how stopping rules are applied by auditors, the impact of different stopping rules on judgment performance, and the influence of taskspecific experience and the availability of a decision aid on the relationship between stopping rules and performance. The results revealed that while auditors use a combination of stopping rules, those rules involving the development of a mental model of the client were generally favoured and led to superior performance. Participants generally ignored a decision aid checklist that was made available as a structured alternative to their own stopping rule.

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http://hdl.handle.net/10453/11459