EVALUATING AUDIT DECISION MODELS: A METHODOLOGICAL PERSPECTIVE

Abstract

Auditing researchers have recommended that the use of audit decision models should be subject to cost‐benefit analysis. This paper provides insight into cost‐benefit analysis and its shortcomings as a tool for evaluating audit decision models. The paper also identifies and discusses the limitations of other evaluation methods. Finally, the paper suggests the use of model confidence as an alternative to model value and model validity.

Citation

Zebda, A., Cargile, B., Christ, M., Christ, R. and Johnston, J. (1996), "EVALUATING AUDIT DECISION MODELS: A METHODOLOGICAL PERSPECTIVE", Managerial Finance, Vol. 22 No. 11, pp. 54-83. https://doi.org/10.1108/eb018592