Behavioral research has found that task-based experience can improve the quality of auditor
judgment by providing the opportunity to gain declarative knowledge (Bonner 1990; Choo and
Trotman 1991; Be´dard and Chi 1993), error frequency knowledge (Ashton 1991), and
meta-knowledge (Be´dard and Chi 1993). Wright (2001)found that task-based experience and
feedback improved loan collectability performance.Thibodeau (2003)found that industry-specialist
experience on certain tasks can be transferred from one industry setting to another, suggesting that
task experience is not necessarily industry-bound. Industry-specialist auditors currently have
limited scope to apply their task knowledge across industry settings because they mainly work
within one industry setting