Determinants of the professional judgment of the auditor to control the quality of the commissioning of audits from within   Accounting and Auditing Facility - Experimental Study

      This study examines the effects of auditor’s compliance with the audit documentation requirements and continuing professional development on the Judgement of the Engagement Quality Control Reviewer. The audit research has found evidence that audit documentation requirements may positively affect the Judgement of the Engagement Quality Control Reviewer. Therefore auditor’s compliance with the audit documentation requirements may affect passing this review and have better evaluation from the reviewer. In addition, Audit research has found that continuing professional development can improve the effectiveness of auditors, their ability to professional skepticism, use of methods of thinking that help to perform analytical procedures effectively, understand the misstatement of the financial statements, ability to collect the evidence that explain errors, and make professional Judgement on time. Therefore, I predict that continuing professional development may on positively affect on the Judgement of the Engagement Quality Control Reviewer. To test the hypotheses of the study, two subject groups participated in a field experiment. Ninetyseven external auditors participated in the experimental from different size audit firms. The second group consists of twelve audit partners from audit firms. The experimental design is a 3 x 2 between subjects design. The first hypothesis was supported. Results indicated a positive relation between auditor’s compliance with the audit documentation requirements and the Judgement of the Engagement Quality Control Reviewer. The second hypothesis was supported. Results indicated a positive relation between continuing professional development and the Judgement of the Engagement Quality Control Reviewer.