ABSTRACT
This chapter presents an empirical study to investigate the effect of the belief revision approach on auditors' evaluation of evidence. The empirical study depended on two methodologies; a survey research based on personal interviews and an experimental study involving a laboratory experiment. The survey research depended on personal interviews with practising auditors to collect data about the audit practice concerning the process of evidence evaluation, and factors affecting this process. The experimental study depended on the task of auditing the debtors which suggests the need for further research in other auditing tasks. The empirical study came out with findings that might have implications on academics, policy makers, and practitioners. There are two important implications on audit practitioners. The first implication relates to the employment of the belief revision approach in evidence evaluation. The second implication concerns the funding of auditing research by United Kingdom accounting firms. Auditors are always concerned about the efficiency and effectiveness of the audit process.
