Study on the Impact that the Trust Has on the Auditors’ Professional Judgment

Author:Univ. Prof. Liliana FELEAGĂ, Ph. D.; Univ. Prof. Niculae FELEAGĂ, Ph. D.; Mihaela DUMITRAŞCU, Ph. D.

JEL:M42

DOI:

Keywords:trust, auditor, professional judgment, audit report

Abstract:
The objective of this paper is to examine the impact that the trust has on the auditor’s professional judgment. To achieve this objective, were analyzed four audit files. Results showed that auditors spend increasingly less time to undertake the audit missions at senior customers and at those with whom they have established relationships based on trust. Instead, for the customers in their first year in office, the number of hours remains constant, regardless of the degree of confidence. Moreover, it was observed that the confidence in some customers leads to a lack of comments within the report on certain facts established on the field.

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