Intuition versus Analytical Thinking and Impairment Testing

• 成果类型: Article
• 署名作者: Wolfe, Christopher J.; Christensen, Brant E.; Vandervelde, Scott D.
• 署名单位: Texas A&M University System; Texas A&M University College Station; University of Oklahoma System; University of Oklahoma - Norman; University of South Carolina System; University of South Carolina Columbia
• 刊物名称: CONTEMPORARY ACCOUNTING RESEARCH
• ISSN/ISSBN: 0823-9150
• DOI: 10.1111/1911-3846.12568
• 发表日期: 2020
• 页码: 1598-1621
• 关键词: DUAL-PROCESS THEORIES; professional skepticism; individual-differences; unconscious thought; DECISION; JUDGMENT; CHOICE; Auditors; reduce; TRENDS

摘要

We examine the use of intuition versus analytical thinking in auditor risk assessment using a task that requires auditors to assess a group of impairment indicators. We expect that auditor intuition, rooted in the subconscious, more likely reacts to impairment indicator risk than does auditor analytical thinking. Results from two different experiments support this expectation for less-experienced audit seniors. These seniors are more likely to assess step-zero impairment indicators as signaling potential impairment when prompted to think intuitively versus analytically. In contrast, a third experiment finds that experienced seniors are more likely to assess step-zero impairment indicators as signaling potential impairment when prompted to think analytically versus intuitively. This is consistent with the more experienced but still non-expert seniors possessing developed analytical thinking, but struggling to effectively use their intuition. Our results inform theory by suggesting under what conditions auditor intuition and analytical thinking produce differential risk sensitivity. Furthermore, our results inform practice, given regulators' stated focus on auditor skepticism and impairment assessments.