Industry- versus task-based experience and auditor Performance

Robyn Moroney, Peter John Carey

Research output: Contribution to journalArticleResearchpeer-review

15 Citations (Scopus)

Abstract

The purpose of this study is to investigate the relative influence of industry- and task-based experience on auditor performance. Prior research has shown that both forms of experience can be beneficial, but studies thus far have not clarified their relative importance. Non-specialist auditor participants are used as they gain task experience across a range of industries, making it possible to disentangle the impact of each on performance. The literature indicates that the knowledge gained from industry-based experience can be applied to unfamiliar tasks set within a familiar industry context. Results from a behavioral experiment indicate that, as expected, industry-based experience has a more significant impact on auditor performance than task-based experience. Performance gains through industry experience are found to occur quickly and then level out. Reported results have implications for audit staff allocations to optimize auditor performance.
Original languageEnglish
Pages (from-to)1 - 18
Number of pages18
JournalAuditing
Volume30
Issue number2
DOIs
Publication statusPublished - 2011

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