AUDIT REASONABLENESS EXPECTATION GAP: USERS’ PERCEPTION IN NIGERIA

Dr. Austine O. Enofe, Dr. Chijioke Oscar Mgbame, Edosa Aronmwan and Ivie Eloghosa Ogbeide
Additional contact information
Dr. Austine O. Enofe: Department of Accounting, University of Benin, Nigeria
Dr. Chijioke Oscar Mgbame: Department of Accounting, University of Benin, Nigeria
Ivie Eloghosa Ogbeide: Department of Accounting, University of Benin, Nigeria

International Journal of Business and Social Research, 2013, vol. 3, issue 3, 154-163

Abstract: This study sought to examine users’ perception of reasonableness audit expectation gap in Nigeria. The survey research design was employed and Information was sought from respondents using a structured likert scale questionnaire. The hypothesis raised was analyzed using the ANOVA test statistics. The study found that there exist a reasonableness gap between auditors and users (managers, investors and the public) of audit report as regarding the responsibilities of auditors. Based on our findings, we recommend education as a method to reduce unreasonable expectation of the public and even users of audited reports. Such awareness can be created by enriching the curriculum of Nigerian tertiary institutions and by formal or informal awareness campaign by both government and auditing profession from time to time through appropriate media not just for their members alone but also for the auditing community as a whole.

Keywords: Audit expectation Gap; Reasonableness Gap (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://thejournalofbusiness.org/index.php/site/article/view/65/64 (application/pdf)

Related works:
Journal Article: AUDIT REASONABLENESS EXPECTATION GAP: USERS’ PERCEPTION IN NIGERIA (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lrc:larijb:v:3:y:2013:i:3:p:154-163

Access Statistics for this article

More articles in International Journal of Business and Social Research from LAR Center Press
Bibliographic data for series maintained by Al Hossain ().