Recency Effects: Task Complexity, Task-Specific Experience, And Subsequent Audit Decision-making

As a bias,recency effect as a bias is not equal to the audit judgment, but it will affect the audit judgment performance. This is rare for a study in China. We can find that Chinese Certified Public Accountants believe that the task comlexity and task-specific experience are the two most affected factors to audit judgment, from the questionnaire. In this paper, we adopt the nature of the task comlexity and task-specific experience as two independent variables during the audit to determine the recency effect of China auditors,and to verify the effects on subsequent actions and choices.We adopt going concern judgment internal Control of inventory judgment as two cases. A professional audit firm personnel and students who have practical experience are tested.So, This is a 2 * 2 * 2 three-factor experiment of the nature of the audit task,audit experience and evidence presentation order. to analyze statistical, we can see that in the SBS response mode: (1)The nature of the tasks have effects to recency effect.There is not recency effect in the structured audit tasks . recency effect will appear in unstructured audit mission.(2) In dealing with the unstructured audit tasks, audit experience can mitigate recency effect. (3)While in dealing with the structured audit tasks, audit experience can not effect recency effect. (4)Recency effect will effect the subsequent action or choose to a certain extent, but not significant. This shows that the nature of the audit task and audit experience can effect recency effect.At the finally , the corresponding policys are proposed to mitigate recency effect in audit judgement.