Purpose

Wisdom is considered as crucial in decision-making in both management and auditing practice. This research aims to investigate the concept of wisdom in auditing, thereby empirically exploring the determinants of wisdom in audit decision-making and explaining inter-relations among these determinants.

Design/methodology/approach

This study employs grounded theory methodology that is based on in-depth interviews with twenty-seven practicing auditors who are audit partners, managers, seniors and assistants of auditing firms. Guided by the grounded theory, data collection and data analyses were conducted simultaneously to look into the new insights of the research phenomenon. The coding process was constantly compared until the research's theoretical saturation is reached after four rounds. At the end of the research process, the study conducted a survey to confirm the proposed framework as well as examine the inter-relationships between the defined determinants.

Findings

Results suggest developing a conceptual framework to interpret wisdom-based decision-making process in auditing. A wise process of audit decision-making is defined as an integrated exercise of multiple determinants including knowledge assimilation, judgmental ability and ethical orientation. The research also explains and examines the potential interrelationships among these determinants in the audit decision-making process.

Practical implications

Wisdom is a valuable tacit ability for all external auditors. The development of wise decision-making abilities of auditors should be considered an integral part of multiple virtues including knowledge and judgmental and ethical aspects.

Originality/value

The contributions of this study are original and significant because it proposes a new approach to explain for the audit decision-making process and enhances better understandings of the concept of wisdom in auditing practices and its roles in audit decision-making.

中文翻译：

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审计行业智慧决策过程的概念框架

目的

在管理和审计实践中，智慧被认为对于决策至关重要。本研究旨在探讨审计智慧的概念，从而实证探讨审计决策智慧的决定因素，并解释这些决定因素之间的相互关系。

设计/方法论/途径

本研究采用扎根理论方法，基于对二十七名执业审计师的深入访谈，他们是审计公司的审计合伙人、经理、高级人员和助理。以扎根理论为指导，同时进行数据收集和数据分析，以探寻研究现象的新见解。编码过程不断进行比较，直到四轮后研究达到理论饱和。在研究过程结束时，该研究进行了一项调查，以确认拟议的框架并检查所定义的决定因素之间的相互关系。

发现

结果建议开发一个概念框架来解释审计中基于智慧的决策过程。明智的审计决策过程被定义为多种决定因素的综合运用，包括知识吸收、判断能力和道德取向。该研究还解释并检验了审计决策过程中这些决定因素之间的潜在相互关系。

实际影响

对于所有外部审计师来说，智慧是一种宝贵的默契能力。审计师明智决策能力的发展应被视为多种美德的组成部分，包括知识、判断力和道德方面。

原创性/价值

这项研究的贡献是原创且意义重大的，因为它提出了一种解释审计决策过程的新方法，并增强了对审计实践中的智慧概念及其在审计决策中的作用的更好理解。