The Structure of Auditors' Knowledge of Financial Statement Errors.

Key Points

• This research aims to identify how auditors categorize financial statement errors and the influence of their experience on this organization.
• Conducted a card-sorting task with auditors to identify how they categorize errors.
• Analyzed experience-related differences in auditors' knowledge structures.
• Examined the impact of knowledge organization on audit planning and testing procedures.
• Findings reveal distinct categories of financial statement errors based on auditor experience.
• Experience affects the organization of knowledge, impacting audit planning and testing.
• Younger auditors may categorize errors differently than senior auditors, affecting their approach.