Study On Audit Expectation Gap From Auditing Standards' Viewpoint

As unavoidable social phenomenon, audit expectation gap has caused wide public concern. With the bankruptcy of many well-known companies in recent years, the CPA's "Litigation explosion" has emerged and the public's trust in social audit is decreasing, so audit expectation gap is widening. To cope with this unfavorable situation, countries has realized that the audit profession must be proactive in taking measures to address the public's changing audit requirements in order to narrow audit expectation gap in maximum, countries revising and improving the existing auditing standards is an evidence. On the basis of the research home and abroad, this thesis uses standard research methods and does targeted and systemic researches on audit expectation gap from the angle of auditing standards. Except for the first part of the introduction, this thesis, at first, analyzes the meaning of audit expectation gap and the relationship with auditing standards. And Chinese suitable figure of audit expectation gap's elements is built from the angle of auditing standards. In this new figure, audit expectation gap in China is divided into unreasonable responsibility gap, reasonable responsibility gap, performance gap and information gap, then this thesis points out the change in trend of audit expectation gap' elements, this is one innovation point. As auditing standards are very important to narrowing audit expectation gap, new auditing standards are issued February 15,2006 and implemented January 1,2007 in China, new auditing standards have impact on audit expectation gap, so the third part analyzes the superiority of new auditing standards, on the basis of which, the author shows clearly the performance of narrowing audit expectation gap in new auditing standards, this is other innovation point. In the fourth part, the thesis puts forward proposals to improve auditing standards in order to further narrow audit expectation gap, providing a number of references for the improvement of auditing standards in the future. Finally, draw the conclusion of this thesis. Through the study, the author wants to comprehensively display the current status of audit expectation gap in China from auditing standards'viewpoint, to make slender contributions to improving the auditing standards, narrowing audit expectation gap in China and promoting the healthy development of the audit profession.