The expectation gap on company audit objectives : an empirical study.
Chng, Sarah Bee Suan.
Tan, Geok Cheng.
Date of Issue1995
College of Business (Nanyang Business School)
The audit expectation gap is the difference between what the public expects from the auditing profession and what the profession actually provides. An empirical study was conducted to investigate the following: (1) is there an expectation gap between auditors and general users of financial statements, for the objectives of the company audit in Singapore? and (2) do the factors of auditing training, years of working experience, functional area and management position affect the size of the expectation gap? This paper also reviews the latest developments in case law to discover the duty of care (if any) that auditors owe to third party users of financial statements.
NANYANG TECHNOLOGICAL UNIVERSITY