An Empirical Study of Audit ‘Expectation Gap’ in The People's Republic of China

Lin, Zhijun; Feng, Chen

doi:10.1111/j.1099-1123.2004.00084.x

Cited by 87 publications

(74 citation statements)

References 32 publications

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“…To a large extent, the profession's refusal of performing the fraud detection duties had fueled the 'expectation gap. and confirms that the 'expectation gap' is an outcome of the contradiction of minimum government regulation and the profession's self-regulation, especially, the profession's over-protection of self-interest which has widened the 'expectation gap (Lin & Chen, 2004). …”

Section: Audit Expectations Gap:-supporting

confidence: 53%

The Role of Auditing Quality in Narrowing the Expectations Gap in Auditing Profession.

Albeksh.¹

2017

IJAR

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Section: Audit Expectations Gap:-supporting

confidence: 53%

The Role of Auditing Quality in Narrowing the Expectations Gap in Auditing Profession.

Albeksh.¹

2017

IJAR

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“…The audit expectations gap centers on several issues, most notable among them are; the auditor"s roles and responsibilities as opined by Porter,(1993);Fazdly and Ahmad, (2004);and Dixon et al, (2006); the nature and meaning of audit report massages as opined by Monroe and Woodliff, (1994);and Gay et al, (1998); auditor"s independence as opined by Sweeney, (1997); Lin and Chen, (2004); Alleyne e al, (2005). Furthermore, Humphrey (1997) classified the issue on the audit expectations gap into four main areas: audit assurance, audit reporting, audit independence and audit regulation.…”

Section: Statement Of the Research Problemmentioning

confidence: 99%

Self-Regulatory Policy of Accounting and Auditing Profession and Its Effect on Audit Expectation Gap in Nigeria

Onulaka¹

2015

ijafr

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From the very beginning, auditing is pretty much a self-regulated profession and has some ethical rules of thumb to follow in practice. But the plethora of corporate failures and scandals in recent past where auditors" instrumental role is evident in many instances raise question about the validity and suitability of "self-regulation" in auditing, especially in Nigeria and some other parts of the world where auditors need to perform auditing in ever complex risk management process. However, to restore the public confidences within and outside the auditing profession and to raise the overall audit quality, many countries are establishing some super regulatory bodies to set accounting and auditing standards and regulate the activities of auditors with a view to reducing audit expectation gap. The reason for this paradigm shift is because events over the last decades has shown that an inverse relationship appears to be existing between efforts being made to reduce audit expectations gap by accounting and auditing profession and the actual number of audit failures. This study adopted a cross sectional survey design. This was designed to investigate whether there is a relationship between the self-regulation of accounting and auditing profession in Nigeria and audit expectation gap. Pearson Product Moment Correlation Coefficient was used for data analysis. The finding shows a strong relationship between self-regulation and audit expectation gap and the deficient standard gap is not only associated with self-regulation but other legal pronouncements which the respondents considered obsolete and need to be revamped.

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“…Many researchers studied the existence of AEG and alternative methods to reduce the gap (McEnroe and Martes (2001), in England: Humphrey et al (1993), in Ireland: Robinson ve Lyttle (1991), in Australia: Monroe ve Woodliff (1993) and Schelluch (1996), in South Africa: Gloeck ve De Jager (1993), in Denmark: Hojskov (1998), in Netherlands: Hassink et al, (2009), in Singapore: Best et al (2001), in Malaysia: Fadzly ve Ahmad (2004), in China: Lin ve Chen (2004), in Egypt Dixon et al (2006), in Lebanon: Sidani (2007), in Saudi Arabia: Haniffa and Hudaib (2007)). …”

Section: Audit Expectations Gapmentioning

confidence: 99%