The impact of the expectation gap on the economic development sustainability and its reflection on the elements of the audit environment / an analytical study

Abstract

This research aims to measure the impact of the expectation gap on the sustainability of economic development, and its reflection on both the demand for services provided by auditors, and the financial community’s confidence in the auditor’s report. In line with the importance of the research and through its problem represented by the emergence of the expectation gap between the financial community, on the one hand, and auditors on the other hand with regard to the expectations and perceptions of each of them regarding the contents of the audit report, and its impact on sustainable economic development, the research seeks to test its hypothesis. Therefore, a questionnaire was designed and distributed to the elements of the research sample. The researcher used a set of measures to summarize the answers obtained, and then analysed by the Statistical Package for Social Sciences program. In light of the practical aspect of the research, a number of conclusions were reached, the most important of which are: Low demand for the services provided by auditors in the auditing environment in which the expectation gap arises, This has a negative impact on economic development. The researcher presented a set of recommendations, the most prominent of which are: The need for organizations to sponsor the profession to issue standards, through which to define the framework of the duties and responsibilities of auditors regarding the audits operations carried out.