The Study On The Elements And Solutions Of Our Country’s Audit Expectation Gap

The Certified Public Accountant profession originated from the public’s need for checking mistake and finding fraud and improved by the raising expectation. But in the follow progress, there is not enough interaction between the audits professional and the public. Even in a certain period, the professional tried to reduce their duty by escape the responsibility of checking mistake and finding fraud, these behaviors lead to objective existence of the audit expectation gap. Besides, the economics circumstance grew more and more complicated, while the effective supply was not sufficient, this change lead to inevitable existence of the audit expectation gap.Under the complicated auditing environment, public’s expectation grew higher, the professional had to face more challenges. The professional tried to coordinate the relation between the public and professional by improving themselves behavior. Just because the higher expectation, the value of audit can be emerged, it also improved auditing in theory and practice. The interaction also contributed to the narrow of expectation gap a lot.Review the CPA’s development history of our country, there were many problems which were principally displayed through low professional ethics and insufficient professional competence. These problems appeared more severe under our current incomplete capital market, the CPA’s professional confronted a crisis of confidence. The expectation gap will be explicit from recessive when the system of protecting public’s interest gradually prefect. The expression of public’s dissatisfaction will be more and more severe, such as the litigation aimed at auditor.This article analyses the specificity elements of our country’s expectation gap and give some suggestions to narrow the gap, which based on the others scholars’ research and combined with the current situation in our country. In the first part, this article put forward a framework according to analyses the background and significance of audit expectation gap. In the second part, we can get a comprehensive understanding about expectation gap in reasons and elements by reviewing related theory and research at home and abroad. In the third part, this article pointed out the root of audit expectation gap that CPA’s professional escape the duty of check mistake and find fraud. In the fourth part, this article classified the elements of expectation gap, so we can get a deeply comprehensive understanding about the connotation of audit expectation gap. In the last part, some suggestion will be gave for narrow the expectation gap.