An Investigation ofAudit Expectation Gap in Bangladesh

Taslima Akther (), Xu Fengju () and Md Ziaul Haque ()
Additional contact information
Taslima Akther: Department of Accounting & Information Systems, Faculty of Business Studies, Jagannath University.
Xu Fengju: School of Management, Wuhan University of Technology, Wuhan, Hubei-430070, People’s Republic of China.
Md Ziaul Haque: Ph.D.Fellow, Universityof International Business and Economics, China.

Journal of Business, 2019, vol. 4, issue 2, 1-11

Abstract: Massive Global corporate scandals, financial crisis and collapses of large entities have diluted the investors’ confidence in the worlds capital market The auditing profession has also come under the spotlight, following the melodramatic flop of eminent companies without any prior warning signals and highlighted the miracle phenomena, the audit expectation gap (AEG). Based on a questionnaire survey with auditors and investors, this paper discovers significant audit expectation gap (AEG) in the areas of auditor’s general responsibility, auditor’s responsibility for fraud detection, auditor’s responsibility forinternal control reporting assessment, meaning of the audit report, and also auditor’s responsibility for going concern reporting in Bangladesh. No expectation gap is emerged regarding the usefulness of audit report. Most of the gap has been refereed asreasonableness gap, but it can lead the standard setters and the practitioners of audit profession to set higher standards of performance.

Keywords: Audit expectation gap (AEG); reasonableness gap; Bangladesh. (search for similar items in EconPapers)
JEL-codes: H83 M42 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.journalofbusiness.us/index.php/site/article/view/120/39 (application/pdf)

Related works:
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:larjob:v:4:y:2019:i:2:p:1-11

Access Statistics for this article

More articles in Journal of Business from LAR Center Press
Bibliographic data for series maintained by R Martin ().