An empirical study of the audit expectation gap in yemen and how to narrow the gap

Abstract

A survey research was conducted on a sample of 288 auditors and users of financial statements. Of the 288 questionnaires distributed, 75.69% were returned and analyzed. The results suggested the existence of wide audit expectation gap between the two groups, with respect to auditors’ performance. Hence it is suggested that in order to improve the degree of accounting profession and auditing practices in Yemen, authorities may consider adapting accounting and auditing standards, that are suitable to the country's business environment. These standards will provide guidance and rules for all related parties, which have interest and concern, in the accounting and auditing profession. This study adds evidence to the important debate about audit expectation gap, from a region that is relatively under researched.