PCAOB Auditing Standard No. 5 (AS5) allows external auditors (EAs) to rely on the internal audit function (IAF) when the internal audit activities meet certain criteria and the EAs would find efficiencies in relying on their work (PCAOB 2007). This paper reviews the extant literature on the EAs'...

Prior research on justification has typically focused on the differences in judgments between auditors required, or not required, to justify their decisions. However, justification memos can be prepared using different approaches. This study examines the impact of using three different...

This paper examines the effect of generating and testing hypothesis sets of different sizes on the efficiency and accuracy of auditors? analytical review judgments. In particular, and in contrast to prior descriptive research by, e.g., Libby [1985], Koonce [1993], and Ismail and Trotman [1995],...