Audit quality is a much-discussed subject. The independence of the auditor is a key element for good audit quality. In this paper the authors conduct an experiment to investigate how auditor independence can be influenced in an unconscious way by anchoring and framing. Due to new psychological insights in professional judging and professional decision making, the authors argue that anchoring and framing should be seen as a potential threat for auditor independence and therefore for good audit quality.
Drs. Koert Meijs and Dr. ing. Jürgen van Grinsven EMITA. The Influence of Anchoring and Framing on Audit Quality. Research paper presented at the Network for AIS research (NAIS) Conference, november 2013.