Cover Image

Expectations gap between users of financial reports and auditors and the possibility of addressing them in Iraq

Ali Abbas Kareem, Abbas Saad Hamada Alkhuzaie, Abbas Saad Hamada Alkhuzaie

Abstract


This study concludes that there is a gap between what the beneficiaries expect to perform by the auditors and the stated audit objectives, the capabilities of the auditors, their duties and responsibilities and the limits of their work is a reality that cannot be overlooked but should be confronted and attempted to find solutions as one of the most important problems facing the audit profession. Audit, whether international or local, is one of the most important mechanisms and means to solve this problem through its role in determining the responsibilities, duties and tasks of auditors and its statement to the beneficiaries of the results of the audit process in order to reduce the difference.

References


A. Richard J. and schan, berger Edward M, operation management customer focused principles, 6th Ed, (1997).

Abdullah, Khalid Amin, aware of the audit, i 2, Dar Wael Publishing, Amman, 2004.

Ahmed Mohamed Bahaa Eddin Ibrahim, the framework of a proposal to narrow the expectations gap in the review through the commitment of the External Auditor's bulletins auditing standards, the study applied theory, Journal of studies and research business, the second issue, Zagazig University, Banha 2000.

Ali, Abdul Wahab Nasr, the auditor of the capital market, professional services requirements and practical problems of practice in the light of the Egyptian and international and American auditing standards, c 1, Alexandria University House 2001.

Backof, A. G., Bowlin, K., & Goodson, B. M. (2018). The importance of clarification of auditors’ responsibilities under the new audit reporting standards. Available at SSRN 2446057.

Brazel, J. F. (2018). Do auditors and audit committees lower fraud risk by constraining inconsistencies between financial and nonfinancial measures?. Current Issues in Auditing, 12(2), P7-P15.

Daft, Richard L., (2008), Management, South – Western & College publishing CO., Canada.

George D. Anderson and Robert C. (2006). Ellyson. " Restructuring professinal standards: the Anderson report – Journal Accountancy- September, p: 96-102.

He, X., Pittman, J. A., Rui, O. M., & Wu, D. (2017). Do social ties between external auditors and audit committee members affect audit quality?. The Accounting Review, 92(5), 61-87.

Jaafari, the age of Abdul Samad, (2006) "The role of the auditor and its responsibility to meet the needs of users of financial statements" Arab Institute of Certified Public Accountants, Baghdad.

Journal of accountancy, " 1989 " GAO Report supports profession's Effort on Audit Quality, Journal of Accountancy, May 1989, pp. 101-106.

Macdonald, W.A. '' 1988'', Report of the commission to study the public's Expectations of Audits, Toronto : the Canadian Institute of chartered accountants, 1988.

Masoud, N. (2017). An empirical study of audit expectation-performance gap: The case of Libya. Research in International Business and Finance, 41, 1-15.

Mautz K,A, and Matusiak . L.W, "1988" , concurring partener Review Revisited, Journal of accountancy , March 1989 , pp. 56-63 .

Metwally, Sami gift, the expectations gap in the review, its causes and ways to narrow, scientific journal, No. 210, Faculty of Commerce, Al-Azhar University, Cairo, 1993.

Mr. Ismail Mohammed, Strategic Management - Applied Concepts and Cases, University House Printing, Publishing and Distribution of Alexandria 2000.

Mustafa, Hamid Sadiq, towards narrowing the gap in the expectations of the audit profession, comparative analysis, Accounting and Management Magazine, Issue 47, p 60, 1994 Cairo.

Pride , W. M and Ferrell , O.C (2008 ) . Marketing – concepts and Strategies . Boston : Houghton Miffilin Company.

Schermerhorn , John R. (2008) , Management , 7th ed ., John Wiley and Sons Inc ., New York

Sule, S., Yusof, N. Z. M., & Bahador, K. M. K. (2019). Users’ Perceptions on Auditors’ Responsibilities for Fraud Prevention, Detection and Audit Expectation GAP in Nigeria. Asian Journal of Economics, Business and Accounting, 1-10.


Refbacks

  • There are currently no refbacks.