A Grounded Theory Model of the Wise Decision-making Process in Auditing

Document Type : Research Paper

Authors

1 PhD Candidate, Department of Accounting, Bonab Branch, Islamic Azad University, Bonab, Iran.

2 Associate Prof., Department of Accounting, Bonab Branch, Islamic Azad University, Bonab, Iran.

3 Assistant Prof., Department of Accounting, Bonab Branch, Islamic Azad University, Bonab, Iran.

Abstract

Objective: Decision-making refers to a set of mental activities that occur when creating different solutions or choosing between them. One of the dimensions of decision-making is wise decision-making. Wise decision-making is based on people's thinking, and internal characteristics referred to as more deliberate decisions. The purpose of this research is to present a conceptual model of wise decision-making in the field of auditing.
Methods: Research methodology is part of developmental research in terms of result, exploratory-applied analysis in terms of purpose, and qualitative in terms of work implementation method. The statistical community included experts in the field of auditing and partners and managers of the Iranian Certified Public Accountants and the Securities and Exchange Organization, selected as participants in the research using a targeted sampling approach. The data were collected by semi-structured interview method. In order to obtain the reliability and validity of the data, the present study used two methods reviewing the participants and non-participating experts.
Results: The primary category is wisdom-based decision-making, which is based on the two dimensions of intrinsic meditation and external meditation, and according to causal conditions, background conditions, and intervening conditions, strategies have been developed, and the final model has been presented based on it.
Conclusion: This study can be a good commencement to consider the wisdom or knowledge of auditors and a practical method for auditors to make wise decisions.

Keywords

References

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Accounting and Auditing Review
Volume 29, Issue 4
2023
Pages 738-757

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