IDEAS home Printed from https://ideas.repec.org/a/ids/ijbeaf/v1y2010i3p239-267.html
   My bibliography  Save this article

A theoretical model of cognitive factors that affect auditors' performance and perceived independence

Author

Listed:
  • Gary Kleinman
  • Asokan Anandarajan
  • Ann Medinets
  • Dan Palmon

Abstract

Auditor independence is a guiding principle of the relationship between auditors and clients, and a key component of outsiders' acceptance of firms' financial statements. As recent accounting scandals have illustrated, the audit process is meaningless without the auditor's impartial judgement. While Kleinman, Palmon and various colleagues (1998, 2000a, 2001 and 2003) have developed a framework based on the behavioural science literatures to understand the auditor-client relationship, this framework excludes the effects of expertise, cognitive heuristics and affect on the outcomes of situations that might challenge auditor independence. This paper draws on the Mayer (2003) and Libby and Luft (1993) models and other literature to develop a cognitive model of factors that may affect perceived independence and auditor's performance. This model should help interested parties better understand situations that may impair the perceived independence of auditors. Suggestions for improving the auditor's reasoning process are presented, as are research suggestions.

Suggested Citation

  • Gary Kleinman & Asokan Anandarajan & Ann Medinets & Dan Palmon, 2010. "A theoretical model of cognitive factors that affect auditors' performance and perceived independence," International Journal of Behavioural Accounting and Finance, Inderscience Enterprises Ltd, vol. 1(3), pages 239-267.
  • Handle: RePEc:ids:ijbeaf:v:1:y:2010:i:3:p:239-267
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=31318
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Alice Garcia-Falières & Olivier Herrbach, 2015. "Organizational and Professional Identification in Audit Firms: An Affective Approach," Journal of Business Ethics, Springer, vol. 132(4), pages 753-763, December.
    2. repec:spr:grdene:v:23:y:2014:i:6:d:10.1007_s10726-013-9371-5 is not listed on IDEAS
    3. Gary Kleinman & Pamela Strickland & Asokan Anandarajan, 2016. "The Accounting Court: Some Speculations on Why Not?," Group Decision and Negotiation, Springer, vol. 25(4), pages 845-871, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijbeaf:v:1:y:2010:i:3:p:239-267. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Darren Simpson). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID==237 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.