Corporate Governance Mechanism and Narrowing Expectations Gap: Evidence of Jordan

Abstract

This study aimed to examine the impact of applying corporate governance mechanism to narrowing expectations gap in auditing. This study was performed through distributing questionnaire, which was developed to provide the necessary data for the research questions.

The results of the study indicated that there is a relation between governance and expectation gap. Furthermore, the study recommended implementing the mechanics of governance to activate good practices of corporate governance, develop necessary sanctions for violating the auditor to professional standards, especially accounting standards, independence standard and professional competence standards.

Keywords: Corporate Governance, expectation Gap, auditor's responsibility, effective of internal control.