A cognitive characterization of audit analytical review; Discussion

With a cognitive orientation, audit analytical review is characterized as a diagnostic, sequential, and iterative (DSI) process. The analysis should allow both academics and practitioners to better understand the process of audit analytical review and to more fully appreciate its significant cogniti...

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Bibliographic Details
Published in:Auditing : a journal of practice and theory 1993-01, Vol.12, p.57
Main Authors: Koonce, Lisa, Walker, Norman R, Wright, William F
Format: Article
Language:English
Subjects:
Auditing
Auditing procedures
Auditors
Audits
Cognition & reasoning
Decision making
Experience
Financial statements
Hypotheses
Knowledge
Memory
Problem solving
Psychological aspects
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Summary:With a cognitive orientation, audit analytical review is characterized as a diagnostic, sequential, and iterative (DSI) process. The analysis should allow both academics and practitioners to better understand the process of audit analytical review and to more fully appreciate its significant cognitive components. Analytical review is sequential since the auditor must acquire sufficient information to identify an unexpected fluctuation before generating potential causes for an observed fluctuation. The task is iterative since the auditor may re-perform components. In a discussion paper, Walker notes that background and examples from the literature would be beneficial for the reader of Koonce's analysis. Wright determines 4 relevant criteria for evaluating Koonce's paper: organizing framework, quality of the literature analysis, use of a fundamental discipline, and insights for future research.
ISSN:0278-0380
1558-7991