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An Empirical Study of Audit Expectation Gap in Hungary

Author

Listed:
  • Judit Füredi-Fülöp

    (University of Miskolc)

Abstract

The audit expectation gap has preoccupied the finance and accounting profession for a long time. Considerable research has been conducted into this issue and attempts have been made to provide an accurate definition of the audit expectation gap, model this concept and assess the possibilities of its narrowing. Also, a number of studies investigate whether there is an audit expectation gap in several researched regions. The objectives of empirical studies on the structure and nature of the audit expectation gap aim at recognising the actual existing and expected roles and responsibilities of auditors as well as identifying the factors, that contribute to the existence of the audit expectation gap in a society.The findings of international research on the audit expectation gap cannot directly be applied to a particular country without further investigation. Nor can they be applied in Hungary. This is because economic, social and legal factors of a specific country have a considerable impact on research results and might even distort them. Therefore, the objective of this research is to identify the causes and the typical composition of the audit expectation gap in Hungary in order to enable us to find appropriate combinations of solutions for narrowing the expectation gap.

Suggested Citation

  • 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.
    • Handle: RePEc:mic:tmpjrn:v:11:y:2015:i:01:p:37-46
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    File URL: http://tmp.gtk.uni-miskolc.hu/volumes/2015/01/TMP_2015_01_04_Furedi_Fulop_Judit.pdf
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    References listed on IDEAS

    as
    1. 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.
    2. 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)

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    More about this item

    Keywords

    financial statements; audit; audit expectation gap;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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