Full Project-NARROWING THE EXPECTATION GAP IN AUDITING: THE ROLE OF THE AUDITING – PROFESSION

Full Project-NARROWING THE EXPECTATION GAP IN AUDITING: THE ROLE OF THE AUDITING – PROFESSION

Click here to Get this Complete Project Chapter 1-5

NARROWING THE EXPECTATION GAP IN AUDITING: THE ROLE OF THE AUDITING – PROFESSION

 

ABSTRACT

Accounting and auditing are critical components of any economic enterprise as they play an important role in contributing to the effectiveness and efficient functioning of business operations, the capital markets, and the economy by adding credibility to financial statements (Lee, Azham and Kandasamy, 2008). While accounting keeps track of transactions as basis for providing information about the enterprise through financial reporting to users of the information, audit expresses an opinion on the financial statements whether it presents a true and fair view of the enterprise. The auditing profession believes that the widespread criticism and litigation against auditors may be due to auditors not meeting the Public’s expectations of them on the state of affairs of the companies audited. Lueng, Coram, Cooper, Cosserat and Gill (2004) posit that for more than 30 years or so, the auditor played an “enhancing role” by improving the credibility of the financial information. Thus, auditors occupy a prime place in bridging the expectation gap between management and the users of the published financial reports. Many users do not seem to understand the nature of the attest function, especially in the context of an unqualified opinion as they believe that an unqualified opinion means foolproof financial reporting. Some feel that the auditor should not only give an opinion, but also interpret the financial statements to enable users evaluate whether to invest in the company. These expectations create a gap between auditors and users expectation of the audit function. Moreover, users place the responsibility for narrowing the gap on auditors and others involved in preparing the financial statements. This study intends to explore the role of the auditing profession in narrowing the audit expectation gap if not eliminating it. The objectives of this study were to ascertain whether the public is conversant with the legislative, regulatory and professional pronouncements on the responsibility of the auditors, and whether the duties and responsibilities are such that the auditors should reasonably be expected to perform.

Get the Complete Project

This is a premium project material and the complete research project plus questionnaires and references can be gotten at an affordable rate of N3,000 for Nigerian clients and $8 for International clients.

Click here to Get this Complete Project Chapter 1-5

 

 

 

 

 

You can also check other Research Project here:

1, Accounting Research Project

  1. Adult Education
  2. Agricultural Science
  3. Banking & Finance
  4. Biblical Theology & CRS
  5. Biblical Theology and CRS
  6. Biology Education
  7. Business Administration
  8. Computer Engineering Project
  9. Computer Science 2
  10. Criminology Research Project
  11. Early Childhood Education
  12. Economic Education
  13. Education Research Project
  14. Educational Administration and Planning Research Project
  15. English
  16. English Education
  17. Entrepreneurship
  18. Environmental Sciences Research Project
  19. Guidance and Counselling Research Project
  20. History Education
  21. Human Kinetics and Health Education
  22. Management
  23. Maritime and Transportation
  24. Marketing
  25. Marketing Research Project 2
  26. Mass Communication
  27. Mathematics Education
  28. Medical Biochemistry Project
  29. Organizational Behaviour
  30. Other Projects
  31. Political Science
  32. Psychology
  33. Public Administration
  34. Public Health Research Project
  35. More Research Project
  36. Transportation Management
  37. Nursing

 

 

Need a Project Writer for a Different Topic