Audit Expections In Financial Statement Essay

77707 WordsFeb 12, 2012311 Pages
THE AUDIT EXPECTATIONS GAP IN SAUDI ARABIA: PERCEPTIONS OF AUDITORS, PREPARERS AND FINANCIAL STATEMENT USERS AHMED ABDULQADER AL-QARNI A THESIS SUBMITTED TO THE UNIVERSITY OF DUNDEE IN FULFILMENT OF THE REQUIREMENTS FOR THE DEGREE OF DOCTOR OF PHILOSOPHY IN ACCOUNTING. SEPETMBER 2004 ii Dedication This thesis is dedicated to my parents, my wife, my brothers and sisters and daughters Ethar and Jude. iii Table of Contents CHAPTER 1: INTRODUCTION 1.1 STATEMENT OF THE PROBLEM 1.2 OBJECTIVE OF THE RESEARCH 1.3 RESEARCH METHODOLOGY 1.4 THEORETICAL FRAMEWORK 1.5 RESEARCH METHODS 1.6 EXPECTED CONTRIBUTION OF THE STUDY 1.7 THE STRUCTURE OF THE THESIS 2 2 3 4 5 5 6 6 CHAPTER 2: ENVIRONMENT WITHIN SAUDI ARABIA 2.1 INTRODUCTION 2.2 SOCIAL AND POLITICAL ENVIRONMENT 2.3 ECONOMIC ENVIRONMENT 2.3.1 Saudi Stock Market 2.3.2 Saudi Capital Market Law 2.4 BACKGROUND ON THE ACCOUNTING AND AUDITING PROFESSION IN SAUDI ARABIA 2.4.1 The Companies Act of 1965 2.4.2 Certified Public Accountants (CPA) Regulation 2.5 SAUDI ORGANIZATION FOR CERTIFIED PUBLIC ACCOUNTANTS (SOCPA) 2.5.1 Professional Standards and Rules 2.5.2 Monitoring Auditors' Performance 2.5.2.1 Developing the SOCPA's Quality Review Programme (QRP) 10 10 10 12 17 20 23 24 26 26 30 32 33 36 2.6 SUMMARY CHAPTER 3: THE LITERATURE REVIEW 3.1 INTRODUCTION 3.2 THE AUDIT EXPECTATIONS GAP DEFINITION 3.3 BACKGROUND TO THE AUDIT EXPECTATIONS GAP 3.3.1 The Audit Expectations Gap in North America 3.3.2 The Audit Expectations Gap in UK 3.4 THE SCOPE OF THE AUDITORS' DUTY 3.4.1 The Internal Audit 3.4.2 The External Audit 3.5 ELEMENTS CONTRIBUTING TO THE EXPECTATIONS GAP 3.5.1 The Role of the Auditor 3.5.1.1 Detecting Error and Fraud 3.5.1.2 Giving Early Warnings of Companies' Problems 38 38 39 43 43 47 51 51 53 54 54 55 58 59 61 61

More about Audit Expections In Financial Statement Essay

Open Document