Users’ Perceptions on Auditors’ Responsibilities for Fraud Prevention, Detection and Audit Expectation GAP in Nigeria

Sule, Safiyanu; Yusof, Nor Zalina Mohamad; Bahador, Ku Maisurah Ku

doi:10.9734/ajeba/2019/46832

Cited by 7 publications

(6 citation statements)

References 7 publications

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“…The recommendation is consistent with the findings and recommendation of numerous scholars (Monroe and Woodliff, 1993;Porter and Gowthorpe, 2004;Sidani, 2007;Hassink et al, 2009;Houghton et al, 2011;Noghondari and Foong, 2013;Fulop and Tiron-Tudor, 2019), who underscored the importance of audit education in narrowing the expectation gap. Also, Sule et al (2019) observed an expectation in Nigeria on issues related to auditors' fraud prevention and detection responsibilities. The study equally recommended educating investors and potential investors specifically on the auditors' fraud prevention and detection responsibilities as a necessary measure to narrow the AEG in Nigeria.…”

Section: Prior and Contemporary Audit Expectation Gap Researchmentioning

confidence: 99%

“…However, those gaps in opinion can be different for every actor-management, the audit committee, regulators and the investment community (Stevenson, 2019). The audit expectation gap (AEG) has been studied extensively and confirmed to be in existence in several countries as follows: Sule et al (2019) in Nigeria, Salehi et al (2009) and Salehi (2016) in Iran, Masoud (2017) in Libya, Kumari et al (2017) in Sri Lanka, Onumah et al (2009) in Ghana, Humphrey et al (1993) in the UK, Gay and Schelluch (1993) in Australia, Frank et al (2001) in the US, Hassink et al (2009) in the Netherlands, Lin and Chen (2004) in China, Dixon et al (2006) in Egypt, Desira and Baldacchino (2005) in Malta, Best et al (2001) in Singapore, Fadzly and Ahmad (2004) in Malaysia, Siddiqui et al (2009) in Bangladesh and Sidani (2007) in Lebanon. A common feature amongst these findings is that the gap is most evident in issues related to the following aspects: auditors' responsibility for fraud prevention and detection, auditors' responsibility for maintaining accounting records, auditors' responsibility for exercising judgement in selecting audit procedures and issues related to auditors' independence.…”

Section: Introductionmentioning

confidence: 99%

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Determinants of audit expectation gap: the case of Cameroon

Fossung

Fotoh

Lorentzon

2020

ARJ

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Purpose This study aims to identify the determinants of the expectation gap between financial statement users (investors and bankers) and auditors from a developing country perspective with Cameroon as the case study. Design/methodology/approach This study makes use of the survey instrument to identify the determinants of the expectation gap in Cameroon. The research method and research design used for this study are similar to that adopted in Schelluch, Best et al., Fadzly and Ahmed, Desira and Baldacchino and Dixon et al. Findings The results indicate that audits and audited financial statements and auditors’ skills are good predictors of the audit expectation gap (AEG), whereas gender, years of experience and occupation (investors and accountants) do not have any significant influence on the AEG. It follows that the expectation gap is further widened by an increase in the regulation and duties of auditors concerning the reliability and usefulness of audits and audited financial statements and auditors’ skills. Research limitations/implications A limitation of this study is the sample size, which is limited in scope, with only 400 potential respondents. In addition, this study adopted a survey method used in countries with different economic views and cultural values from Cameroon. Practical implications This study contributes to current knowledge by identifying the determinants of the expectation gap in Cameroon, thus facilitating the adoption of measures aimed at mitigating this gap such as educating the Cameroonian public on the auditors’ duties, especially each time a new audit regulation is adopted. The paper is a critical reference point for future research on the subject in Cameroon. Originality/value This study contributes to the expectation gap discourse by uncovering the determinants of the expectation gap from a developing country perspective of Cameroon with a different economic and cultural outlook.

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Section: Prior and Contemporary Audit Expectation Gap Researchmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Determinants of audit expectation gap: the case of Cameroon

Fossung

Fotoh

Lorentzon

2020

ARJ

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“…A persistência de diferenças de expectativa, no entanto, vai ao encontro de trabalhos posteriores à norma, que sugeriram que as diferenças de expectativas na auditoria persistem, mesmo com a transação de normas (Best et al, 2001;Gold et al, 2012;Sule et al, 2019;Dung & Dang, 2019;Akther et al, 2019). Justificativa para referido fenômeno pode ser encontrada em estudos realizados por Almeida e Colomina (2008), Salehi et al (2009), Gold et al (2012), Kamau (2013), que têm apontado que o componente de maior representatividade na composição das DEA é dado pelas expectativas pouco razoáveis dos usuários.…”

Section: Estatísticas Inferenciaisunclassified

Diferenças de expectativas em auditoria no Brasil

Pereira

Takamatsu

Pinheiro

2021

R. Contemp. Contab.

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O trabalho examinou a situação das diferenças de expectativas de auditoria após a revisão das normas internacionais, que culminaram na aplicação do formato atualizado do Relatório dos Auditores no Brasil, no ano de 2017. Questionários aplicados resultaram em 185 respostas válidas para análises. O nível de exigência dos usuários da contabilidade em relação aos deveres dos auditores, captado pela proxy Índice de Expectativa (IE), foi calculado com base na metodologia desenvolvida por Porter (1993) e adaptado por Litjens, Buuren & Vergoossen (2015), que abrange: i) gap de razoabilidade, (ii) gap de desempenho dos auditores e (iii) gap de padrões. O teste de Mann-Whitney revelou a perpetuação de evidências empíricas acerca das diferenças de expectativas documentadas nas últimas décadas. Assim, demonstrou-se que, mesmo analisando a percepção de auditores e usuários após a alteração da norma, que trouxe melhorias significativas ao relatório, diferenças de expectativas ainda podem ser detectadas. Testes adicionais indicaram que não foram encontradas diferenças significativas do índice de expectativas entre gêneros e diferentes níveis de utilização do relatório de auditoria.

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“…Several researches have therefore taken an interest in the audit expectation gap and highlighted its existence in several developed and developing countries: Germany [99]; Romania [100]; Netherlands [30]; Nigeria [101] and others. According to these studies, shown at table 7, there are three main factors that may effect on the audit expectation gap: 1.…”

Section:  Audit Quality Attributes and Expectation-gapmentioning

confidence: 99%

Output Indicators of Audit Quality: A Framework Based on Literature Review

Badlaoui¹,

Cherqaoui²,

Taouab³

2021

ujaf

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