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Audit data analytics of unregulated voluntary disclosures and auditing expectations gap

Amir Michael and Rob Dixon ()
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Amir Michael: Durham University
Rob Dixon: Durham University

International Journal of Disclosure and Governance, 2019, vol. 16, issue 4, 188-205

Abstract: Abstract The study is concerned with the usefulness of using audit data analytics of unregulated voluntary disclosures in reducing the auditing expectations gap. It argues that the lack of credibility and assurance of the unstructured voluntary disclosures and other big data will impact the level of public users’ expectations towards the quality of these unregulated voluntary disclosures. Therefore, we argue that non-financial, as well as financial data require assurance by an independent auditor. Consequently, this would expand the auditors’ role and responsibilities which will lead to raising the degree of stakeholders’ satisfaction and approaching their expectations potentially reducing the auditing expectations gap. Auditors will need to rely more heavily on big data analytics and technological techniques to perform this new role efficiently and effectively. Therefore, we provide empirical evidence that the perceptions of auditors, bankers, investors and academics, support the use of audit data analytics when providing assurance of unregulated voluntary disclosures in reducing auditing expectations gap. To do so, we categorized unregulated voluntary into eight different categories that auditing data analytics is required to capture from various sources and analyse in an informative and useful fashion.

Keywords: Auditing data analytics (ADA); Unregulated voluntary disclosures (UVD); Auditing expectations gap (AEG); Unregulated voluntary disclosures assurance (UVDA); Stakeholders–agency theory; Environmental disclosures; Corporate governance; Mann–Whitney U nonparametric test; Risk management disclosures (search for similar items in EconPapers)
Date: 2019
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