Title

The Impact Of Groups And Decision Aid Reliance On Fraud Risk Assessment

Keywords

Auditing standards; Auditors; Fraud; Group decision support systems; Risk assessment

Abstract

Purpose The purpose of this paper is to investigate how the brainstorming component of Statement of Auditing Standards (SAS) No. 99 influences decision aid use and reliance, and the effectiveness of fraud risk assessment. Design/methodology/approach The research framework links the influences of the fraud assessment setting and decision aid reliance. The hypotheses are tested in an experiment with two manipulated factors: setting (group or individual) and decision aid (provided or not provided). Findings The results of the study provide insight on how the brainstorming impacts fraud risk assessment, decision aid use and decision aid reliance. The results show that groups using a decision aid with fraud risk factors demonstrate superior decision quality and effectiveness even with lower decision aid reliance. Research limitations/implications The influence of the setting (group or individual) on the fraud evaluation and detection is highlighted. Practical implications This paper will be informative for auditors and firms involved in designing an efficient and effective fraud risk assessment. Originality/value This paper integrates the fraud risk assessment and decision aid literature to evaluate decision quality and effectiveness of group fraud risk assessment. © 2010, Emerald Group Publishing Limited

Publication Date

3-26-2010

Publication Title

Management Research Review

Volume

33

Issue

3

Number of Pages

240-256

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1108/01409171011030390

Socpus ID

84993055813 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/84993055813

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