The Investigation on Relationship between Auditor's Professional Maturity and Their Perception of Auditee Risks

The judgment on risks in audit environment is central task of independent auditors. This judgment influences directly on all processes of an audit. However, the characteristics of judging person may affect judgment. Hence, the objective of this research is investigation of correlations between affecting factors of professional maturity of independent auditors and auditee risks. To do this objective, by a questionnaire importance degree of 58 affecting factor of each of audit risk, inherent risk and control risk was measured. Professional maturity factors of auditors include 8 measures of age, education, academic field, experience as independent auditor, experience as audit manager or partner, experience as internal auditor and accountant and professional and academic association memberships. The finding indicates that audit risk is correlated with experience as independent auditor, experience as audit manager or partner, education and academic field. Inherent risk is correlated with experience as independent auditor, experience as audit manager or partner, and academic field. Control risk is correlated with experience as internal auditor and accountant, academic field and professional and academic association memberships. The research results could be helpful to parties in equity market as well as standard setters to investigate independent auditor's characteristics in their decisions.