An Empirical Investigation of the Audit Expectation Gap in Pakistan

Abstract

The basic purpose of this research is to find evidence on existence of audit expectation in Pakistan. Methodology and instrument used in this study was derived from similar investigation by Grambling and Schatzberg (1996) and a few necessary modifications are incorporated as per the rules and regulations governed and imposed by Institute of Chartered Accountants of Pakistan (ICAP). These questionnaires were distributed to three types of respondents’ auditors, accountants and accounting educators. The results of this study provided the evidence that audit expectation gap exists among these three groups of respondents. The Implications and future research guidelines are also discussed accordingly.

Keywords: Audit, Audit expectation gap, auditors, accountants,