IDEAS home Printed from https://ideas.repec.org/a/lrc/larijb/v3y2013i3p154-163.html
   My bibliography  Save this article

Audit Reasonableness Expectation Gap: Users’ Perception In Nigeria

Author

Listed:
  • Dr. Austine O. Enofe

    (Department of Accounting, University of Benin, Nigeria)

  • Dr. Chijioke Oscar Mgbame

    (Department of Accounting, University of Benin, Nigeria)

  • Edosa Joshua Aronmwan

    (Department of Accounting, University of Benin, Nigeria)

  • Ivie Eloghosa Ogbeide

    (Department of Accounting, University of Benin, Nigeria)

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.

Suggested Citation

  • Dr. Austine O. Enofe & Dr. Chijioke Oscar Mgbame & Edosa Joshua Aronmwan & Ivie Eloghosa Ogbeide, 2013. "Audit Reasonableness Expectation Gap: Users’ Perception In Nigeria," International Journal of Business and Social Research, LAR Center Press, vol. 3(3), pages 154-163, March.
    • Handle: RePEc:lrc:larijb:v:3:y:2013:i:3:p:154-163
    as

    Download full text from publisher

    File URL: http://thejournalofbusiness.org/index.php/site/article/view/65/64
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Yusuf Munir Sidani, 2007. "The audit expectation gap: evidence from Lebanon," Managerial Auditing Journal, Emerald Group Publishing, vol. 22(3), pages 288-302, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Judit Füredi-Fülöp, 2017. "Factors Leading to Audit Expectation Gap: An Empirical Study in a Hungarian Context," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 13(02), pages 13-23.
    2. Masoud, Najeb, 2017. "An empirical study of audit expectation-performance gap: The case of Libya," Research in International Business and Finance, Elsevier, vol. 41(C), pages 1-15.
    3. Judit Füredi-Fülöp, 2015. "An Empirical Study of Audit Expectation Gap in Hungary," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 11(01), pages 37-46.
    4. Samuel Akpovwre Eyenubo & Mudzamir Mohammed & Mohammad Ali, 2017. "Audit Committee Effectiveness of Financial Reporting Quality in Listed companies in Nigeria Stock Exchange," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(6), pages 487-505, June.
    5. Hassan Mansur & Anita Tangl, Dr. Prof., 2018. "How to Bridge the Audit Expectation Gap?," Journal of Social Sciences (COES&RJ-JSS), , vol. 7(2), pages 61-73, April.
    6. Hassink, Harold F.D. & Bollen, Laury H. & Meuwissen, Roger H.G. & de Vries, Meinderd J., 2009. "Corporate fraud and the audit expectations gap: A study among business managers," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 18(2), pages 85-100.
    7. Mohammed Moin Uddin Reza & Md. Rezaul Karim, 2018. "Audit Expectation Gap – Evidence in 21st Century," International Journal of Science and Business, IJSAB International, vol. 2(4), pages 748-756.

    More about this item

    Keywords

    Audit expectation Gap; Reasonableness Gap;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lrc:larijb:v:3:y:2013:i:3:p:154-163. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Al Hossain (email available below). General contact details of provider: http://www.thejournalofbusiness.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.