Porter 1993 audit expectation gap pdf

The audit expectation gap is a phenomenon that exists for many years. The purpose of this research is to empirically examine the causes of the audit expectation gap in libya. Porter 1993 concluded that earlier definitions of the audit expectations gap were excessively narrow in that they failed to recognise the possibility of substandard. The study finds that an audit expectation gap exists with respect to 18 of the 42. Porter 1993 in a survey to mitigate the expectation gap found that the full elimination of the expectation gap.

The critical, litigious environment which characterises auditing today can be traced to the audit expectation performance gap. Pdf investigation of changes in the audit expectation. Pdf an empirical study of audit expectationperformance gap. Analysis of audit expectation gap between users of audit. Dcu business school research paper series paper no. Survey investigating the audit expectation performance gap against this background, the audit expectation performance gap was investigated by means of a mail survey in the uk and nz in 2008 which involved four broad interest groups auditors, auditees, and financial community and nonfinancial community audit beneficiaries. For the purposes of the research, the definition of the audit expectation performance gap proposed by porter. Audit expectation gap is not a new phenomenon in auditing literature. Porter 1993 concluded that earlier definitions of the audit expectations gap were excessively narrow in that they failed to recognise the possibility of sub standard. For the purposes of the research, the definition of the audit expectationperformance gap proposed by porter. Defined as the gap between societys expectations of auditors and auditors perceived performance, it is seen to comprise reasonableness and performance components, the latter being subdivided into deficient standards and deficient performance.

The study also analyzes the nature of the audit expectation gap in thailand using porter s 1993 framework. While the term of expectation gap was developing in north america, the same movements were growing in the uk. Porter 1993 audit expectation gap by mike masoud on prezi. Porter 1993 gave a more sophisticated definition of the aeg ruhnke and schmidt.

The results proved the existence of an audit expectation gap in malaysia. Porters 1993, p 50 model of different types of expectation gap in the. Firstly, it examines whether an expectation gap exists in malaysia among the auditors, auditees and audit beneficiaries in relation to the auditors duties. Recent regulatory initiatives targeting the statutory audit regime support the notion that the audit expectation gap is still a driver of change. Defined as the gap between societys expectations of auditors and audi. Elements of the audit expectations gap adapted from porter, 1993. Remote work advice from the largest allremote company. 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 differs from those used in prior literature. Secondly, since such an expectation gap was shown to exist, this study analyzes the nature of the gap using porter s 1993 framework. The expectation gap on the auditing profession a study. Volume 24, 1993 issue 93 submit an article journal homepage.