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Auditor iIndependence and the expectations gap: some evidence of changing user perceptions

Research output: Contribution to journalJournal article

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Auditor iIndependence and the expectations gap : some evidence of changing user perceptions. / Beattie, Vivien; Brandt, Richard; Fearnley, Stella.

In: Journal of Financial Regulation and Compliance, Vol. 6, No. 2, 1998, p. 159-170.

Research output: Contribution to journalJournal article

Harvard

Beattie, V, Brandt, R & Fearnley, S 1998, 'Auditor iIndependence and the expectations gap: some evidence of changing user perceptions', Journal of Financial Regulation and Compliance, vol. 6, no. 2, pp. 159-170. https://doi.org/10.1108/eb024966

APA

Beattie, V., Brandt, R., & Fearnley, S. (1998). Auditor iIndependence and the expectations gap: some evidence of changing user perceptions. Journal of Financial Regulation and Compliance, 6(2), 159-170. https://doi.org/10.1108/eb024966

Vancouver

Beattie V, Brandt R, Fearnley S. Auditor iIndependence and the expectations gap: some evidence of changing user perceptions. Journal of Financial Regulation and Compliance. 1998;6(2):159-170. https://doi.org/10.1108/eb024966

Author

Beattie, Vivien ; Brandt, Richard ; Fearnley, Stella. / Auditor iIndependence and the expectations gap : some evidence of changing user perceptions. In: Journal of Financial Regulation and Compliance. 1998 ; Vol. 6, No. 2. pp. 159-170.

Bibtex

@article{4a8af48fc7dc461d9af55207d44ff2c3,
title = "Auditor iIndependence and the expectations gap: some evidence of changing user perceptions",
abstract = "The audit function is an essential part of the regulatory structure which supports the integrity of our capital markets. There is a recognised expectations gap which surrounds the audit function, as many users of audited financial statements have different expectations of the audit function from what it delivers. Perceptions of auditor independence are a fundamental part of this expectations gap. In the light of recent significant changes to the regulatory framework, this paper reports a survey of leading financial journalists, to ascertain their current views on auditor independence. Findings show a belief that some of the changes have reduced the expectations gap although problems still exist in the area of non-audit services. However, the most significant threat to independence is seen to be the economic and personal pressure on the partner as an individual, an area difficult to regulate. The challenge for audit firms is to demonstrate how well they control for this within their management structures.",
author = "Vivien Beattie and Richard Brandt and Stella Fearnley",
year = "1998",
doi = "10.1108/eb024966",
language = "English",
volume = "6",
pages = "159--170",
journal = "Journal of Financial Regulation and Compliance",
issn = "1358-1988",
publisher = "Emerald Group Publishing Ltd.",
number = "2",

}

RIS

TY - JOUR

T1 - Auditor iIndependence and the expectations gap

T2 - some evidence of changing user perceptions

AU - Beattie, Vivien

AU - Brandt, Richard

AU - Fearnley, Stella

PY - 1998

Y1 - 1998

N2 - The audit function is an essential part of the regulatory structure which supports the integrity of our capital markets. There is a recognised expectations gap which surrounds the audit function, as many users of audited financial statements have different expectations of the audit function from what it delivers. Perceptions of auditor independence are a fundamental part of this expectations gap. In the light of recent significant changes to the regulatory framework, this paper reports a survey of leading financial journalists, to ascertain their current views on auditor independence. Findings show a belief that some of the changes have reduced the expectations gap although problems still exist in the area of non-audit services. However, the most significant threat to independence is seen to be the economic and personal pressure on the partner as an individual, an area difficult to regulate. The challenge for audit firms is to demonstrate how well they control for this within their management structures.

AB - The audit function is an essential part of the regulatory structure which supports the integrity of our capital markets. There is a recognised expectations gap which surrounds the audit function, as many users of audited financial statements have different expectations of the audit function from what it delivers. Perceptions of auditor independence are a fundamental part of this expectations gap. In the light of recent significant changes to the regulatory framework, this paper reports a survey of leading financial journalists, to ascertain their current views on auditor independence. Findings show a belief that some of the changes have reduced the expectations gap although problems still exist in the area of non-audit services. However, the most significant threat to independence is seen to be the economic and personal pressure on the partner as an individual, an area difficult to regulate. The challenge for audit firms is to demonstrate how well they control for this within their management structures.

U2 - 10.1108/eb024966

DO - 10.1108/eb024966

M3 - Journal article

VL - 6

SP - 159

EP - 170

JO - Journal of Financial Regulation and Compliance

JF - Journal of Financial Regulation and Compliance

SN - 1358-1988

IS - 2

ER -