Abstract
The term of audit expectation gap (AEG) was created nearly 50 years ago and has received the attention of many researchers. Despite a lot of research on AEG, the method of measuring AEG remains controversial. The number of studies which propose the method of measuring AEG is limited and there are many problems when applying these methods in empirical studies. Inherited from previous studies, this paper aims to develop a new method of measuring AEG and proves it by the results from the application of this method in empirical research in Vietnam. The article achieves two important results: (1) Proposing a new method of measuring AEG based on the Porter’s definition and structure of AEG; and (2) Proving the results from the application of the new method for measuring AEG by conducting empirical research in Vietnam.
Highlights
The existence of Audit Expectation Gap (AEG) has damaged the reputation of the audit profession and reduced the confidence of users in the role of auditors
AEG will be considered from the perspective of users, and it includes three components: reasonableness gap (RG), deficient standard (DS), and deficient performance (DP)
Based on Porter’s (1993) AEG definition and AEG structure, the study has developed a new method of measuring the AEG components and AEG from the users’ perspectives
Summary
The existence of AEG has damaged the reputation of the audit profession and reduced the confidence of users in the role of auditors. It is important to identify and measure the AEG to establish appropriate plans which ensure the reputation of the profession and maintain the public confidence in the audit. This study inherited from the previous studies, especially the study of Porter (1993) aims to develop a new method of measuring AEG in the new research context - Vietnam. (1) Proposing a new method of measuring AEG based on the Porter’s (1993) definition and structure of AEG. (2) Proving the results from the application of the new method for measuring AEG by conducting empirical research in Vietnam. The last section is the conclusion and direction for the future research
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