If the independence factors contribute to the audit expectation gap problem in nigeria13 research hypotheseshypothesis 1h0: there is no difference among the opinions of auditors, bankers, investors and accountants in nigeria on thestatutory role of external auditors in nigeriah1: there is a difference among the opinions of. The audit expectation gap problem in nigeria “the perception of some selected stake-holder groups” research journal of finance and accounting, 3(7): 140150 [19. An audit expectation gap exists when there are differences in beliefs between auditors and the public about the duties and responsibilities assumed by auditors and the message(s) conveyed by audit report (monroe and woodliff, 1994.
auditing expectation gap: nigerian perspective abstract the audit expectation gap is critical to the auditing profession because the greater the unfulfilled expectation from the public, the lower the credibility earning potential and prestige associated with the work of auditors the study examined the level and nature of expectation gap (performance gap. Often results to audit expectation gap as the general public sees auditors as performing their ritual roles just to satisfy statutory requirements of an audit from the above analogy, one would expect auditors as employees of the owners to carry out their duties. Nigeria universities and existing audit expectation gap h2: there is no significant difference on such knowledge between those students who had and those who had not undergone the industrial attachment in audit firms.
Study by , on the role of education on audit expectation gap revealed that audit education significantly reduces the expectation gap, therefore confirming that lack of proper knowledge among the company‟s stakeholders as the cause of audit expectation gap. Emperical investigation of audit expectation gap in the nigerian public sector february 2012 – october 2012 a study to determine whether there exist difference between the expectation of nigerian public on the duties of public auditors and what is actually expected of public auditors. Audit expectation gap among nigerian money deposit banks in order to achieve this aim, the study seeks to: a) to establish the relationship between investigating tenure of forensic accountants’ and audit expectation gap in nigeria money deposit banks b) to investigate the relationship between time budget. Audit expectation gap needs to be addressed from a number of perspectives in order to eliminate deficient performance by auditors, widen the.
(2006) investigated the expectation gap between auditors and financial statement users in egypt the study provides evidence on the extent to which audit expectation gap exists in nigeria and the perception of respondent groups on existing duties and responsibilities of auditors. Keywords: audit expectation gap, communication gap, nigerian problem 10 introduction audit is a formal examination, correction, and official endorsing of financial accounts, especially those of a. Abstract this study sought to examine users’ perception of reasonableness audit expectation gap in nigeria the survey research design was employed and information was sought from respondents using a structured likert scale questionnaire the. Nigeria, a study by chukwunedu and okoye (2011) indicated that risk based audit increases the ability of the auditor to detect fraud and as a result be able to assist in bridging the audit expectation in the country. Abstract this paper investigates factors contributing to the audit expectation gap in nigeria it is widely believed that auditors are largely responsible for the business failures and liquidity problems that affect the going concern status of companies.
The audit expectation gap is a dangerous issue to the auditing profession as the larger the expectation gap, lesser will be the credibility, earnings potential and the prestige associated with the conventional auditor's responsibility. Audit expectation gap is a phenomenon that presently attracts the attention of researchers all over the world the basic problem is in the area of how the public perceives the role of the auditor, which in most cases centers. Abstract: audit expectation gap is the vacuum between society and general public demands from auditing profession and auditors actual performance this vacuity is caused due to several factors and two such causes. Audit literature reveals that the audit expectation gap is a detrimental issue to the auditing profession as the greater the gap of expectations, the lower the credibility, earnings potential and the prestige associated with the auditor’s work. This study examined the narrowing audit expectation gap and its implication on forensic accounting practice in nigeria the study relied on relevant literature and identified widening responsibility of the auditor by the.
The study reveals that an audit expectation gap exists in nigeria we therefore recommended that the role and responsibility of auditors in the areas of fraud and illegal acts should be broadening. The main objective of this paper is to establish whether or not the problem of audit expectation gap exist in nigeria, and whether those areas of concern, (areas that brought about the misunderstanding between the public and the audit profession) could be identified and measures could be taken to either eliminate them or reduce them to. Audit expectation gap is the gap between the role of an auditor as understood by the auditor and the users of financial statements it is a gap between what the auditor is doing and what the society expects him to do creating the impression that the statutory.
Taken together, technological advancements like these not only promise to enhance the audit experience, but also disrupt the very concept of audit. On standard setting and audit expectation gap (aeg) in nigeria with a view to exploring the perceptions of the audit partners and the fund managers on the above research topic the motivation for embarking on this exploratory research is born out of many years concern over the speedy. The audit expectation gap in hungary to enable us to find appropriate combinations of solu- tions for narrowing the expectation gap also, through an analysis of the literature –national and in particular, international litera. An empirical study of audit expectation gap in nigeria - download as word doc (doc), pdf file (pdf), text file (txt) or read online scribd is the world's largest social reading and publishing site.
As explained in the iaasb consultation paper (2011), the expectation gap relates to the difference between what users expect from the auditor and the financial statement audit, and the reality of what an audit is”, while the information gap relates to “the existence of a gap between the information they [users] believe is needed to make. Research journal of finance and accounting issn 2222-1697 (paper) issn 2222-2847 (online) vol5, no9, 2014 wwwiisteorg analysis suggests that audit expectation gap perception does affect corporate performance. The researcher will consult extensive literature from previous work carried out on the audit expectation gap the functions, power and responsibility of the government and the perception and expectation of the electorate, users of the financial information.