Purpose – To examine whether planning‐stage fraud risk assessments and audit experience affect the level of professional skepticism displayed by auditors during fieldwork. Design/methodology/approach – The paper presents an experiment using professional auditors. Findings – Overall,...

Accounting firms are currently re-engineering their audit processes with the aim of delivering a quality audit more efficiently. One area of potential efficiency gains is the sequential and hierarchical working paper review process. This study examines one approach for improving review...