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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
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    References listed on IDEAS

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    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.
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    More about this item

    Keywords

    Audit expectation Gap; Reasonableness Gap;

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