Two critical aspects of the model of auditor expertise development in Tan and Libby [1997] are that audit firms do not value tacit knowledge in inexperienced auditors but do value it in experienced auditors. We update the former and extend the latter. Our paper predicts and finds that audit...

While prior research focuses on the audit team made up of auditors, we focus on the collective audit team made up of auditors and specialists – in our context, information technology (IT) specialists. Complex systems in today's audits and researcher and regulator concerns regarding ineffective...

IT plays a critical role in the production of financial statements, and thus, audits over financial statements. However, audit standards provide limited guidance related to the reliance on IT and use of IT auditors; academic literature is sparse on these topics as well. We seek to fill this gap...

I investigate how auditors integrate information technology (IT) specialist input into internal control over financial reporting (ICFR) issue classifications. Given the ill-structured nature of evaluating ICFR issues and the impact of these issues on audit quality, combining knowledge from...

Financial reporting quality can benefit from companies and auditors using artificial intelligence (AI) in complex and subjective financial reporting areas. However, this will only happen if managers incorporate AI-based information into their financial reporting decisions, which the popular...

Two critical aspects of Tan and Libby [1997]’s model of auditor expertise development are that audit firms do not value tacit knowledge in inexperienced auditors but do value it in experienced auditors. We update the former and extend the latter. Our paper predicts and finds that audit firms...