WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 20, 2023
Audit Expectations Gap: Testing the Empirical Evidence from Jordan using Two Levels of Stakeholders
Authors: Nadia Ahmad Alkhateeb, Najib Shrydeh, Suleiman Jamal Mohammad, Omar Ali Kanaan
Abstract: The main objective of this study is to empirically test the existence of an audit expectations gap in the case of Jordan. The study aims to identify whether the audit expectations gap exists between auditors and investors, and between auditors and financial managers, or not. The research data were collected from 62 respondents using a structured questionnaire before being analyzed using SPSS-26. The study findings revealed that a significant audit expectations gap does exist between auditors and investors, and between auditors and financial managers. The results also show that the gap between auditors and financial managers is relatively small compared to the gap between auditors and investors. The study explores the reasons behind the audit expectations gap and suggests possible solutions to overcoming it.
Keywords: Audit expectations, Audit expectations gap, Auditor’s responsibilities, Fraud, Management’s responsibilities
DOI: 10.37394/23207.2023.20.39WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 20, 2023, Art. #39