Group Judgment and Decision Making in Auditing: Research in the Time of COVID-19 and Beyond

2021 ◽  
Author(s):  
Tim D. Bauer ◽  
Kerry A. Humphreys ◽  
Ken T. Trotman
Keyword(s):  
Decision Making ◽  
Virtual Teams ◽  
Financial Reporting ◽  
Audit Committee ◽  
Judgment And Decision Making ◽  
Team Members ◽  
Group Judgment ◽  
Audit Firms ◽  
Research Questions ◽  
New Research

The COVID-19 pandemic has fundamentally changed the ways auditors work and interact with team members and others in the financial reporting process. In particular, there has been a move away from face-to-face interactions to the use of virtual teams, with strong indications many of these changes will remain post-pandemic. We examine the impacts of the pandemic on group judgment and decision making (JDM) research in auditing by reviewing research on auditor interactions with respect to the review process (including coaching), fraud brainstorming, consultations within audit firms, and parties outside the audit firm such as client management and the audit committee. Through the pandemic lens and for each auditor interaction, we consider new research questions for audit JDM researchers to investigate and new ways of addressing existing research questions given these fundamental changes. We also identify potential impacts on research methods used to address these questions during the pandemic and beyond.

scholarly journals Supporting researchers through full-service hotline and consultation services: Success in simplicity, customization, and staffing

2020 ◽  
Vol 4 (1) ◽  
pp. 3-7
Author(s):  
Rebecca Namenek Brouwer ◽  
Emily Miller ◽  
Sunita Patil ◽  
Geeta K. Swamy ◽  
Rebbecca Moen ◽  
...  
Keyword(s):  
Medical Center ◽  
Academic Medical Center ◽  
Team Members ◽  
School Of Medicine ◽  
Academic Medical ◽  
High Satisfaction ◽  
Duke University ◽  
Research Questions ◽  
New Research ◽  
Consultation Services

AbstractNavigating the research domain at an academic medical center can be challenging, even for seasoned investigators. To address this, Duke University launched two initiatives: (1) a research navigation “hotline” to provide brief assistance with a variety of research questions; and (2) researcher onboarding and consultation, a one-to-one tailored offering to ensure that researchers are equipped to navigate research resources and processes effectively. The services are provided by the myRESEARCHnavigators (MRN) team, funded by Duke’s CTSA. The diverse scientific backgrounds of the six team members align well with those of the research community, allowing for a good match between the researcher and MRN team member. The MRN team answers approximately 30 questions per month, and has provided consultations to almost 400 researchers. Both services receive high satisfaction ratings (4 or 5 stars [out of 5 stars] given to 90% of hotline answers, and 99% of researcher onboarding/consultation sessions). As of July 2019, the School of Medicine has determined that the consultations are critical to their mission and have made them a requirement for new research faculty. The team will continue marketing both services to encourage adoption.

Motivated Information Processing in Group Judgment and Decision Making

2007 ◽  
Vol 12 (1) ◽  
pp. 22-49 ◽  
Author(s):  
Carsten K. W. De Dreu ◽  
Bernard A. Nijstad ◽  
Daan van Knippenberg
Keyword(s):  
Decision Making ◽  
Information Processing ◽  
Judgment And Decision Making ◽  
Group Judgment ◽  
Motivated Information Processing

scholarly journals Judgment and Decision Making in Teams

Management ◽  
2019 ◽  
Author(s):  
Guihyun Park ◽  
Verlin B. Hinsz
Keyword(s):  
Decision Making ◽  
Common Knowledge ◽  
Judgment And Decision Making ◽  
Team Processes ◽  
Distributed Information ◽  
Team Members ◽  
Team Outcomes ◽  
Team Decision ◽  
Knowledge Bias ◽  
Learning Team

As organizations increasingly adopt team-based systems, team judgment and decision making are often preferred ways of making decisions compared to individual decision making. Teams are considered to have a greater potential to make a higher quality decision compared to individuals because teams can utilize a larger pool of information, team members can correct each other’s error, and team discussion can facilitate team processes that enhance team outcomes such as learning. Team judgment and decision making, however, are known to be subject to potential pitfalls such as polarization, common knowledge bias, and conformity pressures. This article summarizes team judgment and decision making from an information processing perspective in which information distributed among team members and interaction dynamics among team members (i.e., discussion, deliberation) determine the mechanisms whereby distributed information is expressed and elaborated and whereby it influences the ultimate team decision or judgment as discussed in The Emerging Conceptualization of Groups as Information Processors. Accordingly, studies on team judgment and decision making focus on processes whereby team members reach a team decision or judgment and the different factors that could make the team processes more effective. The current review attempts to achieve a balance in emphasis by including topics that are of interest both to academics as well as to practitioners of team judgment and decision making.

Effects of Differences in National Culture on Auditors' Judgments and Decisions: A Literature Review of Cross-Cultural Auditing Studies from a Judgment and Decision Making Perspective

2013 ◽  
Vol 33 (2) ◽  
pp. 141-164 ◽  
Author(s):  
Christine Nolder ◽  
Tracey J. Riley
Keyword(s):  
Decision Making ◽  
Cultural Differences ◽  
Judgment And Decision Making ◽  
Cross Cultural ◽  
Future Research ◽  
Probability Judgments ◽  
Cross Cultural Differences ◽  
Multicultural Environment ◽  
Audit Firms ◽  
Auditor Judgments

SUMMARY: Motivated by the growing cultural diversity of new hires in audit firms, this paper reviews the literature on cross-cultural differences in auditors' judgment and decision making (JDM). The overarching aim of the review is to summarize the current state of knowledge and compare our understanding of cross-cultural auditors' JDM with the broader cross-cultural JDM research in psychology to stimulate applied research. We develop a framework that categorizes those auditor judgments and decisions most likely affected by cross-cultural differences. The categories include auditors' confidence, risk and probability judgments, risk decisions, conflict decisions, and ethical judgments. We contribute to the cross-cultural audit research in four ways. First, we provide a framework by which future research can be synthesized within auditing and compared with psychology. Second, we recommend specific research questions to respond to both the gaps in extant literature and the changing multicultural environment of audit firms. Third, we advocate for an alternative theoretical approach beyond the examination of cultural traits. Finally, we argue that bicultural auditors represent an unexplored boundary condition on prior findings that warrants more immediate attention from audit researchers.

Decoupling motor plans from perceptual decisions to investigate whether and when decisions are embodied

2014 ◽  
Vol 112 (7) ◽  
pp. 1603-1605
Author(s):  
Stefano Sandrone
Keyword(s):  
Decision Making ◽  
Frontal Cortex ◽  
Motor Response ◽  
Motor Preparation ◽  
Intraparietal Sulcus ◽  
Perceptual Decision ◽  
Neuroimaging Data ◽  
Research Questions ◽  
New Research ◽  
Crucial Part

Decision making is a crucial part of our life: we sense information from the environment and perform our motor response. However, “whether” and “when” decisions are embodied still needs to be fully elucidated. Neuroimaging data obtained by the disentanglement of perceptual decision from motor preparation revealed an increase in connectivity between inferior frontal cortex and sensory regions, and the important role played by intraparietal sulcus in motor decisions. The results obtained as well as the new research questions prompted by this work are carefully discussed herein.

scholarly journals The preferable ways of decision-making in IT teams

2020 ◽  
Vol 13 ◽  
Author(s):  
Beata Krawczyk-Bryłka ◽  
Henryk Krawczyk
Keyword(s):  
Decision Making ◽  
Problem Solving ◽  
Software Development ◽  
Virtual Teams ◽  
Team Collaboration ◽  
Team Members ◽  
Development Team ◽  
External Expert ◽  
Decision Making Models ◽  
Team Types

Software development team collaboration requires various decisions regarding essential aspects of a project’s progress. General and particular decision-making models are considered, and their main aspects such as team types, problem solving categories, and decision-making ways are analysed. The research concerns representative groups of IT specialists and their preferences in decision-making are investigated. Four possible cases were tested: hierarchical choice (by leader) team members' choice (team consensus or voting) and external expert impact. It allows one to show some differences in behaviors of traditional and virtual teams.

scholarly journals Mapping disciplinary differences and equity of academic control to create a space for collaboration

2014 ◽  
Vol 44 (2) ◽  
pp. 49-67
Author(s):  
Lynne Siemens ◽  
Jeff Smith ◽  
Yin Liu
Keyword(s):  
Decision Making ◽  
Research Direction ◽  
Two Dimensions ◽  
Negative Consequences ◽  
Disciplinary Differences ◽  
Team Members ◽  
Work Pattern ◽  
Research Questions ◽  
Traditional Work ◽  
Academic Control

Academics are collaborating more as their research questions are becoming more complex, often reaching beyond the capacity of any one person. However, in many parts of the campus, teamwork is not a traditional work pattern, and team members may not understand the best ways to work together to the benefit of the project. Challenges are particularly possible when there are differences among the disciplines represented on a team and when there are variations in academic control over decision making and research direction setting. Disparities in these two dimensions create potential for miscommunication, conflict, and other negative consequences, which may mean that a collaboration is not successful. This paper explores these dimensions and suggests a space for collaboration; it also describes some benefits and challenges associated within various positions within the framework. Academic teams can use this tool to determine the place they would like to occupy within the collaboration space and structure themselves accordingly before undertaking research.  

Group judgment and decision making in auditing: Past and future research

2015 ◽  
Vol 47 ◽  
pp. 56-72 ◽  
Author(s):  
Ken T. Trotman ◽  
Tim D. Bauer ◽  
Kerry A. Humphreys
Keyword(s):  
Decision Making ◽  
Judgment And Decision Making ◽  
Future Research ◽  
Group Judgment

Is the investment decision affected by the independence and competence of the audit committee? A comparative study between Bahrain and Indonesia

2020 ◽  
Vol 21 (1) ◽  
pp. 29-48
Author(s):  
Abdullah Hamza Al-Hadrami ◽  
Ahmad Rafiki ◽  
Adel Sarea ◽  
Muhammad Dharma Tuah Putra Nasution
Keyword(s):  
Decision Making ◽  
Financial Reporting ◽  
Internal Control ◽  
Audit Committee ◽  
Investment Decision ◽  
Investment Decisions ◽  
Cross Sectional ◽  
Content Type ◽  
Investment Decision Making ◽  
The Impact

Purpose This study aims to investigate the impact of the audit committee’s (AC’s) independence and competence in the company’s investment decision-making in Bahraini- and Indonesian-listed firms, then to compare the two results Design/methodology/approach A quantitative method is used and cross-sectional data are collected through a self-administered questionnaire survey. A stratified random sample technique is adopted with a total of 409 respondents from 39 listed companies in Bahrain and 303 respondents from 27 companies listed on the Indonesia Stock Exchange (IDX). A descriptive analysis is used to identify the characteristics of the respondents, while a correlation analysis, linear regression and t-test analyses are used to test the model, explain the relationships among variables and compare the two studies (Bahrain vs Indonesia). Findings It is found that the AC independence and AC competence have a positive and significant influence on investment decision-making for both the Bahrain and the Indonesia studies Practical implications The current study’s results have implications for the process of appointing and nominating the AC members, since this would affect an investor’s investment decision. Investors’ perception of the independence and competence of ACs will make a difference in their investment decisions. Originality/value AC independence and competence are importantly crucial for the decision-makers in improving the quality of financial reporting, internal control, and audit. This may lead to an increase in investors’ trust in financial reports and their ability to make favorable investment decisions.

The Virtual Collaborator - A Definition and Research Agenda

2018 ◽  
Vol 14 (4) ◽  
pp. 24-43
Author(s):  
Dominik Siemon ◽  
Timo Strohmann ◽  
Susanne Robra-Bissantz
Keyword(s):  
Interdisciplinary Research ◽  
Exploratory Study ◽  
Research Agenda ◽  
Collaborative Work ◽  
Design Guidelines ◽  
Team Members ◽  
Computer Supported Collaborative Work ◽  
Research Questions ◽  
New Research ◽  
Research Endeavor

The interdisciplinary research endeavor of computer-supported collaborative work has already investigated information technology that supports collaboration. With the rise of artificial intelligence (AI), new forms of collaboration need to be considered that involve AI as an active partner within a collaborative setting. Theories and design guidelines that support collaboration, considering cognitive and social group effects, need to be revised when team members are not solely human anymore. Within this exploratory study, the authors aim to provide insights of team members on their conception of a so-called virtual collaborator. A study with 144 participants was carried out to provide valuable information about collaboration principles, conceptual implementations and requirements. The results indicate that the participants are indecisive about a precise conception but expect an ideal collaborator that rather should not work on relevant tasks or make vital decisions. Based on the results, the authors compose new research questions and possible experiment settings.

Sign in / Sign up

Export Citation Format

Share Document