Purpose – The purpose of this paper is to examine whether country (Australia or Japan) and client type (public sector or private sector) impact the auditor's client risk assessments, subsequent audit planning decisions (planned audit hours) and audit planning responsiveness to client risk...

Purpose – The purpose of this paper is to examine whether country (Australia or Japan) and client type (public sector or private sector) impact the auditor's client risk assessments, subsequent audit planning decisions (planned audit hours) and audit planning responsiveness to client risk...

This paper examines possible differences in auditors' performance when they make belief based versus probability-based risk assessments by focusing on two phases of the financial statement audit process: the assessment of two attributes of audit evidence (‘strength' and ‘direction') and the...

Important audit judgments concerning client selection, audit program planning and risk assessment all may be impacted by the approach taken to assess risk and to interpret audit evidence. This experimental study examines whether auditors' risk assessments are influenced by the risk assessment...

While contemporary auditing standards such as ISA 315 provide broad categories of client risks, prior research regarding audit resource allocation decisions has been based on individual client risks. This study contributes to the literature by using factor analysis to examine how individual...

This experimental study replicates, using U.S. audit practitioners, Fukukawa and Mock (2011) who investigated the effects of probability-based vs. belief-based risk assessments and positive vs. negative assertions on auditor judgments. Most results are consistent with the prior study: (1)...