Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

PL EN


2016 | 19 | 1 | 25-44

Article title

Quantifying Audit Expectation Gap: A New approach to Measuring Expectation Gap

Authors

Title variants

Languages of publication

EN

Abstracts

EN
The main objective of the study is at first identifying the expectation gap about audit responsibility and the second quantifying the expectation gap in Iran. In order to collecting data, a questionnaire designed and developed between auditors and investors. Collected data analyzed by employing non-parametric statistics test. The results show that there is expectation gap between auditors and investors in Iran. The current study employed a new approach in the world in order to quantifying the expectation gap. It gives the more strength to other researchers in order to measuring audit expectation gap in the world.

Publisher

Year

Volume

19

Issue

1

Pages

25-44

Physical description

Dates

published
2016-05-01
online
2016-05-20

Contributors

author
  • Mahdi Salehi is at Ferdowsi University of Mashhad, Mashhad, Islamic Republic of Iran

References

  • AICPA (1993). Professional Standards, Vol. 1 and 2, New York: American Institute of Certified Public Accountants.
  • ASCPA / ICAA (1994). A Research Study on Financial Reporting and Auditing-Bridging the Expectation Gap.
  • Bailey, K.E., Joseph H., Bylinski and Michael D., Shields (1983). Effects of Audit Report Wording Changes on the Perceived Message, Journal of Accounting Research, Vol.21, No. 2, pp. 355-370.[Crossref]
  • Beasley, Mark S., (1996). An Empirical Analysis of the Relation between the Board of Director Composition and Financial Fraud, Accounting Review, Vol.71, pp.443-465.
  • Beelde, Ignace D., Sophine, Cooreman and Helmut, Leydens (1999). Expectations of Users of Financial Information with Regard to the Tasks Carried Out by Auditors, Available at:
  • Canadian Institute of Chartered Accountants (1988). Report of The Commission to Study the Public’s Expectations of Audits (MacDonald Commission), CICA, Toronto, Canada.
  • Chandler, Roy A., and John R., Edwards (1996). Recurring Issues in Auditing: Back to Future, Accounting, Auditing and Accountability, Journal, Vol.20, No. 2, pp. 4-29.
  • Cohen Commission (1978), Report of the Commission on Auditors’ Responsibilities; Conclusions and Recommendations, New York: American Institute of Certified Public Accountants.
  • Darnill, Andrew (1991). The Profession and the Public, Accountancy, May, pp. 72-93.
  • Deegan, Craiy, and Michaela, Rankin (1999). The Environmental Reporting Expectations Gap: Australian Evidence, British Accounting Review, Vol. 31, No. 3, pp. 313-346.
  • Defliese, Patrick J., Murray B., Jaenicke, Henry R., O’Reilly and Philip L., Hirch (1988). Auditing. Eleventh Edition. John Wiley&Sons.
  • Dejong, David V., and James H., Smith (1984). The Determination of Audit Responsibilities: on Application of Agency Theory, Auditing: A Journal of Practice and Theory, Vol. 4, No. 1, pp. 20-34.
  • Epstein, Marc J., and Marshall A., Geiger (1994). Investor Views of Audit Assurance: Recent Evidence of the Expectation Gap, Journal of Accountancy, January, pp.60-66.
  • Giacomino, D.E., (1994). Expanding the Auditor’s Role to Narrow the Expectation Gap, Business Forum, Vol.17, No.2, pp.295-331.
  • Gill, Guadarshan S., and John W., Cosserat (1996). Modern Auditing in Australia, Fourth Edition, John Wiley & Sons, Australia.
  • Godsell, David (1992). Legal Liability and the Audit Expectation Gap, Singapore Accountant, Vol. 8, November, pp. 25-28.
  • Guy, Dan M., and Jerry D., Sullivan (1988). The Expectation Gap Auditing Standards, Journal of Accountancy, Vol. 165, April, pp. 36-46.
  • Higson, Andrew (2003). Corporate Financial Reporting: Theory and Practice, London: SAGE Publications.
  • Hooks, Karen L., (1992). Professionalism and Self-interest: A Critical View of the Expectation Gap, Critical Perspective on Accounting, Vol.3, No. 2, pp. 109-136.
  • Humphrey, Christopher G., (1991). Audit expectations, in Current Issues in Auditing, London: Plul Chapma Publishing.
  • Humphrey, Christopher G., W. Stuart, Turley and Peter, Moizer (1993). Protecting Against Detection: The Case of Auditors and Fraud, Accounting, Organizations and Society, Vol.16, No. 4, pp. 313-331.
  • Jennings, Marianne M., Dan C., Kneer, and Philip M., Reckers (1993). The Significance of Audit Decision Aids and Pre-case Jurist’s Attitude on Perceptions of Audit Firm Culpability and Liability, Contemporary Accounting Research, Vol. 9 No.2, pp.489-507.[Crossref]
  • Kelly, William A., and Lawrence C., Mohrweis (1989). Banker’s and Investors’ Perception of the Auditor’s Role in Financial Statement Reporting: the Impact of SAS No. 58, Auditing: A Journal of Practice & Theory, Vol. 9 pp.87-97.
  • Kinney, William R., (1993). Auditor Liability: Opportunities for Research, Journal of Economics and Management Strategy, Vol.2, pp.349-360.
  • Liggio, Carel D., (1974). The Expectation Gap: The Accountant’s Waterloo, Journal of Contemporary Business, Vol.3, No.3, pp.27-44.
  • Martinis, Michael, Erming, Kim and Aw, Amy (2000). An Examination of the Audit Expectation Gap in Singapore, Asian Review of Accounting, Volume 8, No.1, pp.59-82.
  • Monroe, Gary S., and David R., Woodliff (1993). The Effect of Education on the Audit Expectation Gap, Accounting and Finance, Vol.33, No.1, pp. 61-78.[Crossref]
  • Monroe, Gary S., and David R., Woodliff (1994). An Empirical Investigation of the Audit Expectation Gap: Australian Evidence, Accounting and Finance, May, pp. 47-74.[Crossref]
  • Murphy, Prisecilla, and Michael L., Maynard (1996). Using Judgment Profiles to Compare Advertising Agencies’ and Clients’ Campaign Values, Journal of Advertising Research, Vol. 36, No. 2, pp.19-27.
  • Percy, Lan (2007). Fifteen Years of Reformation What Next?, Managerial Auditing Journal, Vol.22, No.2, pp.226-235.
  • Porter, Brenda A., (1993). An Empirical Study of the Audit Expectation-Performance Gap, Accounting and Business Research, Vol. 24, No.93, pp. 49-68.[Crossref]
  • Porter, Brenda A., John, Simon and David, Hatherly (2003). Principles of External Auditing (2 end Edition), West Sussex, UK; John Wiley and Sons.
  • Pourheydari, O., and Mina Abousaiedi, (2011) “An empirical investigation of the audit expectations gap in Iran”, Journal of Islamic Accounting and Business Research, Vol. 2 Iss: 1, pp.63 - 76
  • Salehi, Mahdi (2007). Reasonableness of Audit Expectation Gap: Possible Approach to Reducing, The Journal of Audit Practice, Vol. IV, No. 3, pp.50-59.
  • Shaikh, Junaid M., and Mohammad, Talha (2003). Credibility and Expectation Gap in Reporting on Uncertainties, Managerial Auditing Journal, Vol. 118, No.6/7, pp. 517-529.
  • Sikka, Prem N., Tony, Puxty, Hugh C., Willmott and Christine, Cooper (1998). The Impossibility of Eliminating the Expectation Gap: Some Theory and Evidence, Critical Perspectives on Accounting, Vol.9, No.3, pp.299-330.
  • Sikka, Prem N., Tony, Puxty, Hugh C., Willmott and Christine, Cooper (1992). Eliminating the Expectations Gap? ACCA-Research Report, No.28: London.
  • Singh, Rajiv K., (2004). Bridging All the Expectation Gap-The Changing Role of Concurrent Auditors, Available at: -
  • Singleton Brain G., (1990). Bridging the Expectation Gap, Accountancy, October, pp. 79-84.
  • Trauth, Eileen M., Douglas W., Farwell, and Denis M., Lee (1993). The ISO Expectation Gap: Industry Expectations Vs. Academic Preparation, MIS: Quarterly, Vol.17, No.3, pp. 47-72.
  • Tricker, Bob R., (1982). Corporate Accountability and the Role of the Audit Function, in Hopwood, A. G., Bromehich, M. and Shaw, J. (eds), Auditing Research: Issues and Opportunities, London: Pitman Books.
  • Tweedie, David (1987). Challenges Facing the Auditors: Professional Fouls and the Expectation Gap, The Deloitt, Haskins and sells Lecture, University College, Cardiff, April 30, 1987.
  • Woodliff, David R., (1995). An Empirical Investigation of Audit Expectation Gap, Unpublished PhD Thesis, University of Western Australia.

Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.doi-10_1515_zireb-2016-0002
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.