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An empirical investigation of the audit expectation gap: Evidence from Cameroon
Karlstad University, Faculty of Arts and Social Sciences (starting 2013), Karlstad Business School (from 2013).ORCID iD: 0000-0003-3181-7323
Karlstad University, Faculty of Arts and Social Sciences (starting 2013), Karlstad Business School (from 2013).ORCID iD: 0000-0002-4691-6327
University of Buea, CMR.
2021 (English)In: Journal of Accounting and Taxation, ISSN 2141-6664, Vol. 13, no 3, p. 191-204, article id 45D5BDE67682Article in journal (Refereed) Published
Abstract [en]

Although the audit expectation gap has been subject to substantial research over the past two decades, it remains a controversial issue for the audit profession. This study, therefore, examines the existence of an audit expectation gap in Cameroon between auditors and users (accountants, bankers, and investors), assesses the dimensions of the gap, and relates the findings to prior findings on the expectation gap. A survey questionnaire capturing fifteen semantic different belief statements on a five- point Likert scale was filled by respondents (n=365). The questionnaire addressed issues concerning auditors’ duties, and the consistency and usefulness of audits and audited statements of account. The results indicate significant evidence (α = 0.05) of an audit expectation gap concerning auditors’ accountability to prevent as well as detect fraud and to maintain the soundness of internal control systems, and issues related to auditors' objectivity and impartiality. An expectation gap was equally observed regarding auditors’ trustworthiness and whether audited statements of accounts obviously articulated the degree of guarantee and the work performed by auditors. We mainly recommend the establishment of an informative and educational platform aimed at keeping users abreast of auditors’ responsibilities. These findings serve as a critical reference point for policymakers and regulators interested in enhancing audit quality and audit reliability in Cameroon and other developing economies exhibiting similar audit regulatory and socio-economic characteristics as Cameroon.

Place, publisher, year, edition, pages
Academic journals , 2021. Vol. 13, no 3, p. 191-204, article id 45D5BDE67682
Keywords [en]
Auditing, auditors, cameroon, expectation, perception, users
National Category
Economics and Business
Research subject
Business Administration
Identifiers
URN: urn:nbn:se:kau:diva-85968DOI: 10.5897/JAT2021.0485OAI: oai:DiVA.org:kau-85968DiVA, id: diva2:1594879
Available from: 2021-09-16 Created: 2021-09-16 Last updated: 2026-02-12Bibliographically approved

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Fotoh, Lazarus EladLorentzon, Johan

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CiteExportLink to record
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Citation style
  • apa
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  • apa.csl
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  • de-DE
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Output format
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