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Audit Expectations Gap
Essay specific features
Written by:
Phillip C
Date added:
January 5, 2012
Level:
University
Grade:
A
No of pages / words:
5 / 1318
Was viewed:
1549 times
Rating of current essay:
Essay content:
In this essay I will discuss some of these issues and in particular the strategies to reduce the gap.
Definitions
Various definitions have been proposed for the audit expectation gap. Humphrey, Moizer and Turley (1992), suggest that the common element in the various definitions of the gap is that auditors are performing in a manner that is at variance with the beliefs and desires of others who are party to or interested in the audit...
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The former appears when people expect more of audit than it can give in practical terms, such as detecting all instances of fraud. The latter refers to the gap between what auditors can reasonably be expected to do and what they are perceived to do. ‘Performance gap’ can be further split into two – deficient standards gap and deficient performance gap...
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