Paper Title :The Audit Expectation Gap: Does Accountability Matter?
Author :Mohammad Shbeilat, Waleed Abdel-Qader, Donald Ross
Article Citation :Mohammad Shbeilat ,Waleed Abdel-Qader ,Donald Ross ,
(2017 ) " The Audit Expectation Gap: Does Accountability Matter? " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 75-84,
Volume-3,Issue-9
Abstract : This study investigates institutional investors’ perceptions and assessment of the level (poor, medium, strong) of
corporate accountability in bridging the audit expectation gap, following the implementation of the Jordanian corporate
governance code (JCGC). This study employed a qualitative approach; In-depth interviews were conducted with ten
financial analysts who work with investment institutions. The study outcomes were based on the literature review, the
analysis of the qualitative data and discussions of generated themes. The results revealed that adopting effective corporate
accountability system positively contributes in narrowing the audit expectation gap due to the increasing interest in the role
of accountability in fighting corruption in Jordan. Such interest arises from the implication that weak corporate
accountability suggests that the top management are not accountable and, if they are also major shareholders, they may
consider it appropriate to view the company as theirs to do whatever they wished with. This implication has negatively
affected trading in the shares of some companies. Similarly, poor corporate accountability has led to a perception by analysts
that external auditors in Jordan are failing to accomplish their role as agents of shareholders. The study also highlighted the
importance of active and fully-independent audit committee in ensuring the best implementation of corporate accountability
among corporate governance constituents.
Keywords- Audit Expectation Gap, Corporate Accountability, Audit committees, Corporate Governance, Financial
Analysts, Qualitative Research.
Type : Research paper
Published : Volume-3,Issue-9
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-9398
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Copyright: © Institute of Research and Journals
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Published on 2017-11-24 |
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