Proceedings of the 15th International Symposium on Management (INSYMA 2018)

The impact of heuristics and biases in the application of professional judgement by internal auditors in the stage of fieldwork

Authors
Jonathan Tanone, Senny Harindahyani
Corresponding Author
Jonathan Tanone
Available Online March 2018.
DOI
https://doi.org/10.2991/insyma-18.2018.27How to use a DOI?
Keywords
heuristics, bias, internal audit, professional judgment
Abstract
This study aims to find the impact of heuristics and bias in the application of professional judgment by internal auditors in the stage of fieldwork in "Company X", a company engaged in the distribution of fuel oil in West Nusa Tenggara. "Company X" has conducted internal audit activities although the effort is not maximized. This research was conducted by using the qualitative approach with an interpretive paradigm to explain these anomalies within internal auditor's professional judgment. The internal audit activities within "Company X" have some hindrance to the heuristic thinking process of the audit team members. One of them is a bias which caused interference within the audit team member heuristic. There are some forms of bias in audit namely overconfidence, availability, confirmation, and anchoring. All of them affect "Company X" internal auditor's professional judgment significantly except availability bias
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This is an open access article distributed under the CC BY-NC license.

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Volume Title
Proceedings of the 15th International Symposium on Management (INSYMA 2018)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
March 2018
ISBN
978-94-6252-475-0
ISSN
2352-5398
DOI
https://doi.org/10.2991/insyma-18.2018.27How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Jonathan Tanone
AU  - Senny Harindahyani
PY  - 2018/03
DA  - 2018/03
TI  - The impact of heuristics and biases in the application of professional judgement by internal auditors in the stage of fieldwork
BT  - Proceedings of the 15th International Symposium on Management (INSYMA 2018)
PB  - Atlantis Press
SP  - 108
EP  - 112
SN  - 2352-5398
UR  - https://doi.org/10.2991/insyma-18.2018.27
DO  - https://doi.org/10.2991/insyma-18.2018.27
ID  - Tanone2018/03
ER  -