Imperatives of Bridging the Audit Expectation Gap and Enhancing the Credibility of Corporate Financial Information
| Autor: | John Otalor, Chinwuba Okafor, Ph.d |
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| Jazyk: | angličtina |
| Rok vydání: | 2013 |
| Předmět: | |
| Zdroj: | International Journal of Business and Social Research, Vol 3, Iss 5, Pp 125-138 (2013) |
| ISSN: | 2164-2559 2164-2540 |
| Popis: | he study sought to ascertain if reducing the audit expectation gap would led to greater public confidence in corporate financial information. Self-administered questionnaires were used in the study. The data generated from the responses of the subjects were analyzed using descriptive and statistical analysis through the computer (Eview3.1). The result showed that the higher the audit expectation gap, the higher the negative impact on the credibility of corporate financial reports. Thus, audit expectation gap creates doubt on the reliability of financial statements. Based on the findings and conclusion, it was recommended that the scope of auditors’ responsibilities should be expanded; companies should create a forum for regular interface between management, auditors and financial statement users to enhance confidence in financial reports and strengthening the audit committee and regulatory oversight of auditors to enhance their respective performances. |
| Databáze: | OpenAIRE |
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