Closing the expectation gap in audit - ACCA Global
网页2019年5月9日 · While it’s common to refer to ‘the expectation gap’, in truth there are several gaps. We suggest a new approach to addressing the expectation gap. We propose thinking about the gap as having three components: the knowledge gap, the performance gap and the evolution gap.
Audit expectation gap: a comprehensive literature review
网页2022年4月28日 · This paper reviews a substantial body of scholarly work on the audit expectation gap (AEG) for many years and aims to construct a new synthesis of the existing knowledge of the AEG discovered by numerous scholars in the world.
What is Expectation Gap in Auditing? - Accounting Hub
网页The expectation gap in auditing represents the difference between the audit process and the public’s perception. There are three types of expectation gap, including knowledge, evolution, and performance expectation gaps.
网页This report uses a survey of 11,000 members of the public to better understand the audit expectation gap. It explores a new approach for understanding the expectation gap, in terms of a knowledge gap, a performance gap and an evolution gap. It proposes a multi-stakeholder approach to closing the expectation gap, by reference to these three gaps.
The Audit Expectation Gap between Companies and Their …
网页2017年6月20日 · The audit expectation gap (sometimes referred to as audit expectation–performance gap) is, generally speaking, well-researched in literature (see Best, Buckby & Tan, 2001). The gap is defined as the difference between society’s expectations of auditors and perceived performance of auditors (Porter, 1993).
Auditing standards and the persistence of the audit expectations gap ...
网页2024年5月2日 · In a report entitled “Closing the Expectation Gap in Audit” (2019), the Association of Chartered Certified Accountants's (ACCA), argued that to narrow the performance gap, standard-setters should revise standards to be clearer, provide enhanced guidance material and undertake post-implementation reviews (p. 14).
The audit expectation gap: existence, causes, and the impact of …
网页2014年7月2日 · Recent regulatory initiatives targeting the statutory audit regime support the notion that the audit expectation gap is still a driver of change. 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.
网页That report proposed a new approach to closing the expectation gap in audit, suggesting that it is necessary to consider three separate components of the expectation gap: the knowledge gap, the performance gap and the evolution gap, and to address each component separately.
网页Liggio (1974) initially presented the concept of expectation gap to the literature in auditing and further defined it as “the difference between the levels of expected performance as envisioned by the independent accountant and by the user of financial statements (Liggio, ” …
Building a Better Auditor: Closing the Expectation Gap
网页2022年3月1日 · Closing the Expectation Gap. Helping audit clients understand what to expect with an audit. Deck: The terms 'audit' and 'auditor' can be a bit generic, leading some audit clients to misunderstand what it is internal auditors do or how it's different from external audit. Meet the Expectation Gap.