Auditors' Assessments of the Likelihood of Error Explanations in Analytical Review.

Key Points

• The central aim is to understand how auditors evaluate the likelihood of different error explanations in financial analyses.
• Conducted assessments of auditors regarding error explanations
• Analyzed the role of alternative explanations
• Evaluated the number and strength of alternatives considered
• Implemented strength-ranking tasks to gauge auditor evaluations
• Identified key factors influencing auditors' assessments
• Showed variations in the strength and number of alternative explanations considered
• Found that certain errors were frequently used in explanations

Abstract