The expectation gap in auditing

Reference no: EM132896978

ACC405 Auditing and Assurance Services

The Expectation Gap In Auditing - A Critical Review

Abstract
There is an audit expectation gap between the auditors' professional activity and that users expect from the financial data. The vast majority of conducted studies agree that the audit expectation gap is real. All of these studies agree on one topic: questionable accounting processes, fraud detection, going concern, the inevitability of audit findings. The key objective behind the development of this accounting assignment is to find out why the Audit Expectation Gap exists and what are ways to resolve it. The purpose of this study is to show the differences and challenges between developed and developing countries face in trying to narrow their audit expectation gap. The method used is a review of prior research papers. Furthermore, the research suggests focusing on the factors that lead to the formation of the expectation gap by raising public awareness of the audit process and defining audit standards to regulate the profession.

Audit Expectation Gap in Developed Countries

Factors that influence the audit expectation gap in developed Countries.

Reference no: EM132896978

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