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Prior research into the effect of different types of experience on audit effort and fees has been conducted at the individual, office or firm level, with an implicit assumption that the team working on each audit is invariant or irrelevant to audit effectiveness or efficiency. An important...
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We examine the effect of general, task and industry experience on auditor performance related to the identification of client's business risks (CBR) and identification of entity level controls (ELC) in a construction company. We find the following: (1) increased general experience is only...
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