Question

what is the main differences between the auditor using Probability-based VS Belief-based evidential reasoning?

Answer 1

There is significant difference between auditors using probability based evidential reasoning and believe-based evidential reasoning. Let us explain the main differences between the two methods in the following lines.

1. In probability based evidential reasoning use of different tools and techniques are made whereas no such tools and techniques are used in believe-based evidential reasoning.
2. Probability based reasoning is scientifically proven and have showed its importance in the past in number of times however, no such quality is there for believe based reasoning.
3. In probability based reasoning the use of personal judgements of the auditors are not influential on the method. However, believe based evidential reasoning is fully dependent on believe of the auditors thus, there is significant chance of personal impact on the audit procedures.
4. Probability is determined on the basis of past experiences and future expectations of different underlying variables. In case believe based evidential reasoning the personal judgement of the auditors is the most important factor to determine the audit procedures and the full audit.

Probability based evidential is a better than the believe based reasoning for conducting an effective audit.