Effects of Audit Education and Work Experience on Audit Expectation Gap in Nigeria

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S. N. Onyekachi
J. U. Ihendinihu
J. A. Nmesirionye


The duties which auditors perform in establishing the credibility of management stewardship function have often been misconceived by users of financial statements. This wrong perception is evidently the cause of misjudgement and unending blame heaved on auditors and the accounting profession in all reported cases of corporate failures. This study investigated the extent to which audit education and work experience minimize audit expectation gap in Nigeria. The quasi-experimental non-equivalent group design was adopted using three intact groups of accounting students from three tertiary institutions in Abia State. A modified four-point likert questionnaire which covered important issues of audit expectation gap was administered to a sample of 353 students at the end of 2012/2013 academic session. Multiple regression and ANOVA were used in analyzing the data. And results show that perceptions of students without audit education and those with work experience significantly differ from those of students who have audit education, whereas the difference in the perceptions of students without audit education and those with work experience is not statistically significant. The study also observed that audit education has an inverse effect on audit expectation gap to a greater extent than work experience. Therefore, the study concludes that audit education is a major tool for the reduction of audit expectation gap and recommends that the relevant authorities should install appropriate legal frameworks and campaigns for increasing financial information users’ knowledge and awareness of the nature, process, scope and limitations of an audit through proper audit education programmes.

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