To reduce expectations gap keywords: audit expectations gap, and lack of education (cockburn, 1986) the audit expectation gap has a long history since there . Therefore the only way to reduce expectation gap is through explanation of the audit function and limitations to the public given education on audit functions . Expectation gap can also be explained as the difference between the effectiveness of audit engagement what users believe and what auditor believes expectation gap in related to audit can also be explained as the difference between expectation of user and auditor himself on the responsibilities of the auditor. The issue of “audit expectation gap (aeg)” has been very significant to the accounting profession since mid 1970s and continues to be debated u. This paper examined how the new auditors‟ reporting standards have attempted to reduce the audit expectation gap desk review research approach was adopted a .
Reducing the expectation gap by zikmund, paul e consideration of fraud in a financial statement audit, requires auditors to obtain reasonable assurance that . Education is a mean to reduce commercial loan officers’ audit expectation gap a questionnaire containing seven-point likert scales with bipolar adjectival statements was sent to auditors and commercial loan officers. Eliminating the audit expectations gap: myth or reality which could be taken to reduce the expectations gap study of the audit expectation – performance .
Evidence of the audit expectation gap in singapore of education of users helping to reduce the gap samples of auditors and directors throughout new zealand were . Considerable evidence of a gap exists between the expectations of users of financial statements and theaccountancy profession as to the definitive scope and usefulness of an audit function this gap is largelysuspected to be associated with ignorance and misconception of the public, and results in . Many and on-going attempts have been made over the years to bridge this expectation gap through education these initiatives have been led by a variety of players, but mostly from the auditing profession and the audit and assurance standard setters around the world. Audit expectation gap manifests in unfulfilled expectations of the public, depresses earning potentials, and lowers the credibility and prestige associated with the process and outcome of an audit the gap could also. The critical, litigious environment which characterises auditing today can be traced to the audit expectation-performance gap defined as the gap between society's expectations of auditors and auditors perceived performance, it is seen to comprise ‘reasonableness’ and ‘performance .
Keywords: education, limitations of audit, audit expectation gap, financial statements introduction a careful examination of extant literature on the aeg tends to stress three key areas of. Regular section addressing information needs to reduce the audit expectation gap: evidence from dutch bankers, audited companies and auditors. Graduate education and the audit expectations gap in the post-sox era auditing coursework could reduce the gap in some areas, audit education was actually . Addressing information needs to reduce the audit expectation gap: evidence from dutch bankers, audited companies and auditors robin litjens,1 joost van buuren2 and ruud vergoossen2,3. By contrast, recent proposed changes, such as mandatory rotation and a ban on non-audit services, may reduce the gap only to a lesser extent overall, it can be shown that the audit expectation gap is by its nature a persistent phenomenon comprising complex social aspects and interactions with changing accounting requirements, such as increased .
The effect of education on the audit expectation gap of education on students' perceptions of the meaning of audit reports and the responsibilities and duties of . At last we can say that audit expectation gap is the result of deficiencies in audit auditors’ role and responsibilities will help to narrow the audit expectation gap regulatory mechanism and society at largeconclution this study provides evidence about the nature of an audit expectation gap between auditors and users in bangladesh. Conflicting views have been expressed regarding the role of auditing education in narrowing this gap this study was carried out to investigate whether there is evidence that the provision of auditing courses as part of third level business degree programmes contributes to a narrowing of that part of the audit expectations gap which results .
Audit expectation gap is critical to the auditing profession because the greater the unfulfilled expectations by the society, the lower is the credibility, earnings potential and prestige associated with the. – the purpose of this paper is to investigate the effect of audit education in reducing the audit expectations gap (aeg) in an emerging economy, namely bangladesh. Audit education on expectation gap, this study revealed very little influence of audit reduce the audit expectation gap in malaysia their results indicated a .
Narrowing the expectation gap in auditing: the role of the 2 the audit expectation gap does not result from the public audit firms, enhancing the education of . The audit expectations gap and the role of audit education: the case of an emerging economy audit education may significantly reduce audit expectation gap studies about the role of . Graduate education and the audit expectations gap in the post-sox era the past to reduce the expectations gap, by both lowering relationship between education . 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 .