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INDEPENDENT AUDITING EXPECTATION GAP: A RESEARCH ON TURKEY

Year 2017, Volume: 10 Issue: 3, 331 - 365, 07.08.2017
https://doi.org/10.29067/muvu.333073

Abstract

The purpose of this study is to comparatively to examine expectation gap in independent auditing in terms of the auditors of independent audit firms in Turkey and the managers of the companies benefiting from the audit services. The population of the research is the supervisors of the independent audit firms and the managers of the companies subject to independent audit. Within the extent of the purpose of the study, expectation gap in independent auditing, the scope of the independent audit, the responsibilities of the independent auditors, audited financial statements, the independent audit reports and the independence of the auditors were examined. ‘Kruskal-Wallis H Test’, ‘Mann-Whitney U Test’ and ‘One Way Variance Analysis’ were used in the study. As a result of the research, it is determined that there are significant gaps between the auditors of the independent audit firms and the managers of the companies benefiting from the audit services.

References

  • Adeyemi, S. B. & Olayinka, M. U. (2011). An empirical investigation of the audit expectation gap in Nigeria. African Journal of Business Management, 19, 125-140.
  • Baron, C. D., Douglas, A. J., Gerald, D. S. & Charles, H. S. (1977). Uncovering corporate irregularities: Are we closing the expectation gap?. Journal of Accountancy, 144(4), 155-181.
  • Best, J. P., Sherrena, B. &Clarice, T. (2001). Evidence of the audit expectation gap in Singapore. Managerial Auditing Journal, 16, 134.
  • Bui, B. & Brenda, P. (2010). The expectation – performance gap in accounting education: An exploratory study. Accounting Education; An International Journal, 19, 23-50.
  • Daud, M. Z. (2007). The study of the audit expectations gap in the public sector of Malaysia. Unpublished phd Thesis. Malaysia: University of Stirling.
  • Dewing, P. L. & Peter, O. R. (2002). UK fund managers, audit regulation and new accountancy foundation: Towards a narrowing of the audit expectation gap. Managerial Auditing Journal, 17, 537.
  • Dinç, E. & Bilal, G. (2014). Denetimde beklenti farklılığı ve denetim eğitiminin beklenti farklılığı üzerindeki etkisine yönelik bir araştırma. Süleyman Demirel Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 19(1), 21- 36.
  • Dixon, R., Anne, W. & Mahmoud, S. (2006). An ınvestigation of the expectation gap in Egypt. Managerial Auditing Journal, 21(3), 293-302.
  • Fadzly, N. M. & Zauwiyah, A. (2004). Audit expectatiton gap: the case of Malaysia. Managerial Auditing Journal, 19(7), 897-915.
  • Kayış, A. (2008). SPSS uygulamalı çok değişkenli istatistik teknikleri, Ankara: Asil Yayıncılık.
  • Köse, Y. & Erdoğan, S. (2015). The audit expectations gap in Turkey. Journal of Accounting and Finance, 20(2), 193-213.
  • Leung, P. & Gerald, C. (2001). The problematic relationship between audit reporting and audit expectations: Some evidence from Hong Kong. Advences in International Accounting, 14, 181.
  • Lin, Z. J. & Feng, C. (2004). An empirical study of audit expectatiton gap in the People’s Republic of China. International Journal of Auditing, 8(2), 93-115.
  • Lowe, D. J. (1994).The expectation gap in the legal system: perception differences between auditors and judges. Journal of Applied Business Research, 10, 39-45.
  • Madsen, P. (2013). Commercial loan officers and the audit expectatiton gap. Unpublished Master Thesis. Uppsala Universitet Department of Business Studies.
  • Manatunga, P. K. (2003). User knowledge and audit expectations gap in Sri Lanka. Unpublished Master Thesis. Lincoln University.
  • Manson, S. & Mahbub, Z. (2001). Auditor communication in an evolving environment: Going beyond SAS 600 auditors, reports on financial statements. British Accounting Review, 33, 113-136.
  • Monroe, S. G.ve David, R. W. (1994). An empirical ınvestigation of the audit expectation gap: Australian evidence, Accounting & Finance, 34, 47-74.
  • Porter, A. B., Hogartaigh, O. C. & Rachel, B. (2012). Audit expectation performance gap revisited: evidence from New Zealand and the United Kingdom part 2: Changes in the gap in New Zealand 1989-2008 and in the United Kingdom 1999-2008. International Journal of Auditing, 16, 215-247.
  • Senal, S. (2013). Denetim beklenti aralığı ve tespitine yönelik bir araştırma. Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 41, 137-164.

BAĞIMSIZ DENETİMDE BEKLENTİ BOŞLUĞU: TÜRKİYE ARAŞTIRMASI

Year 2017, Volume: 10 Issue: 3, 331 - 365, 07.08.2017
https://doi.org/10.29067/muvu.333073

Abstract

Bu çalışmanın amacı, Türkiye’de bağımsız denetim firmalarının denetçileri ile denetim hizmetinden yararlanan şirket yöneticileri açısından karşılaştırmalı olarak bağımsız denetimde beklenti boşluğunu incelemektir. Araştırmanın ana kütlesini, bağımsız denetim firmalarının denetçileri ve bağımsız denetime tabi şirketlerin yöneticileri oluşturmaktadır. Çalışmanın amacı kapsamında bağımsız denetim boşluğu, bağımsız denetimin kapsamı, bağımsız denetçilerin sorumlulukları, denetlenen finansal tablolar, bağımsız denetim raporları ve denetçilerin bağımsızlığı incelenmiştir. Araştırmada Kruskal-Wallis H testi, Mann-Whitney U testi ve tek yönlü varyans analizi kullanılmıştır. Araştırmanın sonucunda, bağımsız denetim firmalarının denetçileri ile denetim hizmetinden yararlanan şirket yöneticileri arasında önemli boşlukların olduğu tespit edilmiştir.

References

  • Adeyemi, S. B. & Olayinka, M. U. (2011). An empirical investigation of the audit expectation gap in Nigeria. African Journal of Business Management, 19, 125-140.
  • Baron, C. D., Douglas, A. J., Gerald, D. S. & Charles, H. S. (1977). Uncovering corporate irregularities: Are we closing the expectation gap?. Journal of Accountancy, 144(4), 155-181.
  • Best, J. P., Sherrena, B. &Clarice, T. (2001). Evidence of the audit expectation gap in Singapore. Managerial Auditing Journal, 16, 134.
  • Bui, B. & Brenda, P. (2010). The expectation – performance gap in accounting education: An exploratory study. Accounting Education; An International Journal, 19, 23-50.
  • Daud, M. Z. (2007). The study of the audit expectations gap in the public sector of Malaysia. Unpublished phd Thesis. Malaysia: University of Stirling.
  • Dewing, P. L. & Peter, O. R. (2002). UK fund managers, audit regulation and new accountancy foundation: Towards a narrowing of the audit expectation gap. Managerial Auditing Journal, 17, 537.
  • Dinç, E. & Bilal, G. (2014). Denetimde beklenti farklılığı ve denetim eğitiminin beklenti farklılığı üzerindeki etkisine yönelik bir araştırma. Süleyman Demirel Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 19(1), 21- 36.
  • Dixon, R., Anne, W. & Mahmoud, S. (2006). An ınvestigation of the expectation gap in Egypt. Managerial Auditing Journal, 21(3), 293-302.
  • Fadzly, N. M. & Zauwiyah, A. (2004). Audit expectatiton gap: the case of Malaysia. Managerial Auditing Journal, 19(7), 897-915.
  • Kayış, A. (2008). SPSS uygulamalı çok değişkenli istatistik teknikleri, Ankara: Asil Yayıncılık.
  • Köse, Y. & Erdoğan, S. (2015). The audit expectations gap in Turkey. Journal of Accounting and Finance, 20(2), 193-213.
  • Leung, P. & Gerald, C. (2001). The problematic relationship between audit reporting and audit expectations: Some evidence from Hong Kong. Advences in International Accounting, 14, 181.
  • Lin, Z. J. & Feng, C. (2004). An empirical study of audit expectatiton gap in the People’s Republic of China. International Journal of Auditing, 8(2), 93-115.
  • Lowe, D. J. (1994).The expectation gap in the legal system: perception differences between auditors and judges. Journal of Applied Business Research, 10, 39-45.
  • Madsen, P. (2013). Commercial loan officers and the audit expectatiton gap. Unpublished Master Thesis. Uppsala Universitet Department of Business Studies.
  • Manatunga, P. K. (2003). User knowledge and audit expectations gap in Sri Lanka. Unpublished Master Thesis. Lincoln University.
  • Manson, S. & Mahbub, Z. (2001). Auditor communication in an evolving environment: Going beyond SAS 600 auditors, reports on financial statements. British Accounting Review, 33, 113-136.
  • Monroe, S. G.ve David, R. W. (1994). An empirical ınvestigation of the audit expectation gap: Australian evidence, Accounting & Finance, 34, 47-74.
  • Porter, A. B., Hogartaigh, O. C. & Rachel, B. (2012). Audit expectation performance gap revisited: evidence from New Zealand and the United Kingdom part 2: Changes in the gap in New Zealand 1989-2008 and in the United Kingdom 1999-2008. International Journal of Auditing, 16, 215-247.
  • Senal, S. (2013). Denetim beklenti aralığı ve tespitine yönelik bir araştırma. Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 41, 137-164.
There are 20 citations in total.

Details

Journal Section Issue
Authors

Ekrem Yıldız This is me

Selim Cengiz

Erdem Bulut

Publication Date August 7, 2017
Submission Date August 7, 2017
Acceptance Date May 7, 2017
Published in Issue Year 2017 Volume: 10 Issue: 3

Cite

APA Yıldız, E., Cengiz, S., & Bulut, E. (2017). INDEPENDENT AUDITING EXPECTATION GAP: A RESEARCH ON TURKEY. Journal of Accounting and Taxation Studies, 10(3), 331-365. https://doi.org/10.29067/muvu.333073

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