Expectation gap is the gap between the role of an auditor as perceived by the auditor, and the expectations of the users of financial statements (hussey, 1999. In today's growing world of business, we see organizations reaching heights and falling dramatically in last 100 years, the size of the companies has. The expectation gap in auditing naif mansour m mathkur college of business administration, jazan university, po box 4421, al-rawabi unit 6 more extensive way, which allows the different components of the audit expectation gap to be identified. Scribd is the world's largest social reading and publishing site. This paper addresses the nature and different dimensions of audit expectation gap around the world the author comes to the conclusion that this kind of gap should be reduced by the auditor himself, by improving audit responsibilities, educating. Report on research conducted in the united kingdom and new zealand in 2008 investigating the audit expectation-performance gap and users' understanding of, and desired.
Audit expectations gap there has always been a misunderstanding and a gap in expectations surrounding the role of the auditor and the significance of the audit report. Literature on the audit expectation gap and particularly to the body of knowledge by establishing a nexus between the new auditor reporting standards and the efforts in reducing the audit expectation gap the rest of. A number of these reforms involve auditors and the audit profession, in the implicit assumption that auditors have an important role to play in preventing and detecting corporate fraud detection and the expectations gap. Audit expectation gap reasonableness gap performance gap a gap between what society expects auditors to achieve and what they can be reasonably expected to accomplish.
Amazoncom: audit expectation gap: literature and theories (9783844300772): amirhossein taebi noghondari: books. Audit expectation gap the phrase audit expectations gap was first introduced into the literature over thirty five years ago, by liggio (1974), under the cohen commission. Share on facebook, opens a new window share on twitter, opens a new window share on linkedin share by email, opens mail client audit expectation gap: the trend to close the gap in the 21st century being research commissioned by the institute of chartered accountants of nigeria plot 16 ocom aca. 2012 83 analysis of audit expectation gap between users of audit reports and independent auditors about the features of independent auditors saeid jabbarzadeh kangarlouei. Kumari, ajward and dissabandara 2 keywords audit education, audit expectation gap, professional auditors, undergraduates introduction. International journal of technology enhancements and emerging engineering research, vol 2, issue 7 121 issn 2347-4289 audit expectation gap needs to be addressed from a number of perspectives in order to eliminate deficient performance by.
This paper presents the findings of an empirical study on the audit expectations gap concerning the role of the auditor in corporate fraud cases. Start studying responsibilities and the audit expectation gap learn vocabulary, terms, and more with flashcards, games, and other study tools. 22 prior literature during the last decade, several surveys have been conducted,4 all of which con rm the existence of an audit expectation gap.
Expectation gaps prepared for 14 february2006 meeting of the audit purpose working group the members of the audit purpose group or of theaudit quality forum, individually the auditing expectation gap refers to the difference between what the public and. Introduction within the current crisis of confidence in the public accounting profession after the enron debacle and series of high profile failures of financial services firms, the issues about 'audit expectation gap' have never been more important. There is concern that auditors and the public hold different beliefs about the auditors' duties and responsibilities and the messages conveyed by audit reports in recent years, some spectacular and well publicised corporate collapses and the subsequent implication of the reporting auditors.
Leaders of the profession have conflicting views on the state of audit quality today according to current sec chair mary jo white, investor confidence in. Recent regulatory initiatives targeting the statutory audit regime support the notion that the audit expectation gap is still a driver of change this study seeks to analyse causes of the gap as well as the impact of proposed changes to the current statutory audit regime using an approach that. Independence, responsibility, quality and liability are all to be found in the audit expectation gap ian dewing and peter russell. View audit expectation gap research papers on academiaedu for free.