ABSTRACT
The concept of audit expectation gap reflects the difference between the actual nature and content of an audit report and the perceived expectation of users of financial statements. The study was carried out to empirically examine audit expectation gap and performance of business enterprise in Nigeria. It was a case study of Tonimas Nigeria ltd and Saclux Industry Pie. The statistical analysis was supported by primary data obtained from field survey through administration of questionnaire. The data collected was analyzed using descriptive statistics, t-test and regression analysis. The empirical results of the statistical analysis revealed that there was no significant difference between users audit expectation and satisfaction with the last audit report, the was no significance difference between the reliability score of employees and management investment decision, and business performancewas a signifi.cantly increasing function of audit expectation gap and audit reliability score. It was recommended that organizations should strengthen the audit process, employ well qualified and experienced personnel, and increase the audit reliability score of audit report.
TABLE OF CONTENTS
TITLE PAGE
DECLARATION
CERTTFJCA TION
DEDICATION iv
ACKNOWLEDGEMENTS
TABLE OF CONTENT
LIST OF TABLES
ABSTRACT ix
CHAPTER ONE
INTRODUCTION 1
1.1 Background of the Study 2
1.2 Statement of the Problem 4
1.3 Objectivesof the Study 6
1.4 Research Questions 6
1.5 Research Hypotheses 7
1.6 Significance of the Study 7
1. 7 Scope of the Study 8
1.8 Definition of Terms 8
CHAPTER TWO
REVIEW OF RELATED LITERATURE
2.1 Conceptual Framework 9
2.2 Theoretical Framework 10
2.3 History of Auditing 11
2.4 Who is an Auditor? 13
2.5 Reasons for Audit in Nigeria 15
2.6 Audit Expectation Gap in Nigeria
2.6.1 Responsibility of the Auditor
2.6.2 The Emerging role of the Auditor in the 2ist Century
2.6.3 The Role of the Auditor in Ascertaining Going Concern Status of a Company
2.6.4 The Case of Cadbury Pie, Enron and Perceived Auditor Responsibility
2.6.5 The Reliability Factor
2. 7 Approaches to reduce the Audit Expectation Gap
2.7.1 The Role of Education
2.7.2 Improving the independence of the Auditor
2.8 Gap in Literature
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Research Design 34
3.2 Population of the Study 34
3.3 Sample Size and Sample Technique 34
3.4 Data Gathering Technique 34
3.4.1 Sources of Data 35
3.4.2 Instruments for Data Collection 35
3.4.3 Description of Questionnaire 35
3.5 Data Analysis Technique 35
3.5.1 Model Specification 35
CHAPTER FOUR
PRESENTATION OF DATA ANALYSIS AND INTERPRETATION OF RESULT
4.1 Analysis of the socio economic characteristic of the respondent 37
4.2 Analysis of the responses to the issues raised in the questionnaire 40
4.3 Presentation and interpretation of result 45
CHAPTER FIVE
SUMMARY CONCLUSION AND RECOMMENDATIONS
5.1 SUMMARY OF THE STUDY 49
5.2 CONCLUSION 49
5.3 RECOMMENDATIONS so
REFERENCES 51
MOUAU/11/17972, M (2020). EXAMINATION OF AUDIT EXPECTATION GAP ON PERFORMANCE OF BUSINESS ENTERPRISE IN NIGERIA (A STUDY OF SELECTED COMPANIES IN ABIA STATE). Mouau.afribary.org: Retrieved Nov 10, 2024, from https://repository.mouau.edu.ng/work/view/examination-of-audit-expectation-gap-on-performance-of-business-enterprise-in-nigeria-a-study-of-selected-companies-in-abia-state
MOUAU/11/17972, MOUAU/11/17972. "EXAMINATION OF AUDIT EXPECTATION GAP ON PERFORMANCE OF BUSINESS ENTERPRISE IN NIGERIA (A STUDY OF SELECTED COMPANIES IN ABIA STATE)" Mouau.afribary.org. Mouau.afribary.org, 24 Apr. 2020, https://repository.mouau.edu.ng/work/view/examination-of-audit-expectation-gap-on-performance-of-business-enterprise-in-nigeria-a-study-of-selected-companies-in-abia-state. Accessed 10 Nov. 2024.
MOUAU/11/17972, MOUAU/11/17972. "EXAMINATION OF AUDIT EXPECTATION GAP ON PERFORMANCE OF BUSINESS ENTERPRISE IN NIGERIA (A STUDY OF SELECTED COMPANIES IN ABIA STATE)". Mouau.afribary.org, Mouau.afribary.org, 24 Apr. 2020. Web. 10 Nov. 2024. < https://repository.mouau.edu.ng/work/view/examination-of-audit-expectation-gap-on-performance-of-business-enterprise-in-nigeria-a-study-of-selected-companies-in-abia-state >.
MOUAU/11/17972, MOUAU/11/17972. "EXAMINATION OF AUDIT EXPECTATION GAP ON PERFORMANCE OF BUSINESS ENTERPRISE IN NIGERIA (A STUDY OF SELECTED COMPANIES IN ABIA STATE)" Mouau.afribary.org (2020). Accessed 10 Nov. 2024. https://repository.mouau.edu.ng/work/view/examination-of-audit-expectation-gap-on-performance-of-business-enterprise-in-nigeria-a-study-of-selected-companies-in-abia-state