Impact Of Audit Reform Legislation On Audit Expectation Gap In Nigeria

ABSTRACT

 Audit reform legislation on audit expectation gap is a proposed law that is aimed at enhancing the credibility of audit reports and audit quality in order to narrow or otherwise closes the audit expectation gap. This research therefore examined the impact of audit refoiiii legislation on audit expectation gap in Nigeria. The study made use of primary data obtained through the administration of well-structured question to five respondent groups. The data collected were analyzed using frequency distribution and percentages. The hypothesis was tested and analyzed using ANOVA (Analysis of Variance). The empirical result shows that there is difference in the perception of respondents that audit reform legislation will have impact on audit expectation gap in Nigeria. The study recommends that standard quality audit control should be implemented by the audit firms to ensure quality' performance of the auditor's duties thereby ensuring investor's confidence.