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Audit
Expectation Gap - Cohen et al., 2017
| Question | Answer |
|---|---|
| this papers AEG definition | the divergence between the publics and the professions conceptions of auditors duties, despite the auditing profession's attempt to adopt standards and practices close the gap |
| comparison made to evaluate media role | auditor duties from standards compared with description of fraud cases in the press |
| how to narrow the deficient performance gap | by strengthening auditors willingness and ability to apply existing auditing standards concerning fraud detection |
| how to narrow the deficient standards gap | by improving existing standards |
| coverage of frauds and press articles tend to | reinforce view auditor should take more responsibility to detect fraud regardless of if it it at a reasonable cost |
| AEG may be improved by | improving performance and standards |
| why will AEG not be eliminated | due to unreasonable expectations primarily concerned with public perception |
| links between managers personal behaviour and corporate fraud are | hard to detect at the time even though they can become obvious with hindsight |
| if press continue to move away from hard, factual media | gap may widen |
| one way to increase fraud detection | train auditors in examining management lifestyle as an important risk factor - soft skills required for behavioural judgement |
Created by:
amyperston
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