Bridging the Audit Expectation Gap: The Perception of ICAN Members (original) (raw)

The paper investigates the audit expectation gap in Nigeria, focusing on the perceptions of members of the Institute of Chartered Accountants of Nigeria (ICAN). It highlights the discrepancy between the auditor's role as understood by the profession and the expectations of financial statement users. Statistical analysis based on questionnaire responses indicates significant agreement on the need for a stakeholders' conference to address these gaps, while concerns over potential legislative interference due to delays in bridging the gap have also been raised. The study recommends further research and a more inclusive dialogue among stakeholders to enhance the profession's credibility.