Validating Auditors Assumptions: A Measure of the Quality of Performance

Abstract

This study extends prior study to include formal training as an additional component of experience. Three research hypotheses tested the quality of auditor performance. Results showed formal training as significant. The sample consisted of 96 auditors with approximately two to nineteen years of audit and accounting experience. Previous work on auditors’ experience and judgment produced mixed results. Those results do not consistently show that experience leads to better judgments. However, such work does not investigate the second component of experience included in this study. The study did not find on-the-job training to be effectively related to auditors’ performance.