AN EMPIRICAL ANALYSIS OF THE AUDIT EXPECTATION GAP IN NIGERIA
The study assesses the roles, duties, and responsibilities of the auditor that led to the so-called audit expectation gap in Nigeria with a focus on the capital market. The objective of the studies is to assess if indeed audit expectation gap in Nigeria exists. The study uses the chi-square distrib...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universitas Nusa Cendana
2023-11-01
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| Series: | Journal of Management Small and Medium Enterprises (SME's) |
| Subjects: | |
| Online Access: | https://ejurnal.undana.ac.id/index.php/JEM/article/view/10451 |
| _version_ | 1797642029680820224 |
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| author | Ashibogwu Nze Kingsley Omonigho-Okoro Robinson Ikenga Godwin Uzoamaka |
| author_facet | Ashibogwu Nze Kingsley Omonigho-Okoro Robinson Ikenga Godwin Uzoamaka |
| author_sort | Ashibogwu Nze Kingsley |
| collection | DOAJ |
| description |
The study assesses the roles, duties, and responsibilities of the auditor that led to the so-called audit expectation gap in Nigeria with a focus on the capital market. The objective of the studies is to assess if indeed audit expectation gap in Nigeria exists. The study uses the chi-square distribution to ascertain the argument. It was observed that the collapse of many companies across the world was occasioned by corporate governance failure as most financial statements prepared by these firms were satisfied okay by the auditors but yet the companies later went underground thereby resulting in the audit expectation gap argument. Among other things, the study recommends that the relevant professional bodies should collaborate with auditors and educate the users of financial statements to understand the duties and responsibilities of the auditor towards narrowing it performance gap. Also, audited financial statements should be presented manner that people can read and understand the reports.
Keywords: Audit Expectation Gap; Auditors; Financial Statement; Prevention of Fraud; Nigeria
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| first_indexed | 2024-03-11T13:54:17Z |
| format | Article |
| id | doaj.art-7bf94aa5586a4172a14d72c901da6cb2 |
| institution | Directory Open Access Journal |
| issn | 2502-2385 2723-469X |
| language | English |
| last_indexed | 2024-03-11T13:54:17Z |
| publishDate | 2023-11-01 |
| publisher | Universitas Nusa Cendana |
| record_format | Article |
| series | Journal of Management Small and Medium Enterprises (SME's) |
| spelling | doaj.art-7bf94aa5586a4172a14d72c901da6cb22023-11-02T07:23:35ZengUniversitas Nusa CendanaJournal of Management Small and Medium Enterprises (SME's)2502-23852723-469X2023-11-0116310.35508/jom.v16i3.10451AN EMPIRICAL ANALYSIS OF THE AUDIT EXPECTATION GAP IN NIGERIAAshibogwu Nze Kingsley0Omonigho-Okoro Robinson1Ikenga Godwin Uzoamaka2Department of Accounting, College of Management and Social Sciences, Novena University, Ogume Delta StateDepartment of Accounting, College of Management and Social Sciences, Novena University, Ogume Delta StateScience, Business and Innovation, Faculty of Science (Deep Tech innovation), Vrije University Amsterdam The study assesses the roles, duties, and responsibilities of the auditor that led to the so-called audit expectation gap in Nigeria with a focus on the capital market. The objective of the studies is to assess if indeed audit expectation gap in Nigeria exists. The study uses the chi-square distribution to ascertain the argument. It was observed that the collapse of many companies across the world was occasioned by corporate governance failure as most financial statements prepared by these firms were satisfied okay by the auditors but yet the companies later went underground thereby resulting in the audit expectation gap argument. Among other things, the study recommends that the relevant professional bodies should collaborate with auditors and educate the users of financial statements to understand the duties and responsibilities of the auditor towards narrowing it performance gap. Also, audited financial statements should be presented manner that people can read and understand the reports. Keywords: Audit Expectation Gap; Auditors; Financial Statement; Prevention of Fraud; Nigeria https://ejurnal.undana.ac.id/index.php/JEM/article/view/10451Audit Expectation GapAuditorsFinancial StatementPrevention of FraudNigeria |
| spellingShingle | Ashibogwu Nze Kingsley Omonigho-Okoro Robinson Ikenga Godwin Uzoamaka AN EMPIRICAL ANALYSIS OF THE AUDIT EXPECTATION GAP IN NIGERIA Journal of Management Small and Medium Enterprises (SME's) Audit Expectation Gap Auditors Financial Statement Prevention of Fraud Nigeria |
| title | AN EMPIRICAL ANALYSIS OF THE AUDIT EXPECTATION GAP IN NIGERIA |
| title_full | AN EMPIRICAL ANALYSIS OF THE AUDIT EXPECTATION GAP IN NIGERIA |
| title_fullStr | AN EMPIRICAL ANALYSIS OF THE AUDIT EXPECTATION GAP IN NIGERIA |
| title_full_unstemmed | AN EMPIRICAL ANALYSIS OF THE AUDIT EXPECTATION GAP IN NIGERIA |
| title_short | AN EMPIRICAL ANALYSIS OF THE AUDIT EXPECTATION GAP IN NIGERIA |
| title_sort | empirical analysis of the audit expectation gap in nigeria |
| topic | Audit Expectation Gap Auditors Financial Statement Prevention of Fraud Nigeria |
| url | https://ejurnal.undana.ac.id/index.php/JEM/article/view/10451 |
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