IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

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

  • Gary Kleinman
  • Asokan Anandarajan
  • Ann Medinets
  • Dan Palmon
Registered author(s):

    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.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    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 look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Inderscience Enterprises Ltd in its journal Int. J. of Behavioural Accounting and Finance.

    Volume (Year): 1 (2010)
    Issue (Month): 3 ()
    Pages: 239-267

    as
    in new window

    Handle: RePEc:ids:ijbeaf:v:1:y:2010:i:3:p:239-267
    Contact details of provider: Web page: http://www.inderscience.com/browse/index.php?journalID==237

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    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: (Graham Langley)

    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.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.