Access the full text.
Sign up today, get DeepDyve free for 14 days.
R. Magee, M. Tseng (1990)
Audit Pricing and IndependenceThe Accounting Review
Kleinman Kleinman, Farrelly Farrelly (1996)
A comment on the accountability of the accounting professionJournal of Applied Business Research, 12
B. Xiang (1998)
Institutional Factors Influencing China?s Accounting Reforms and StandardsAccounting Horizons, 12
R. Chandler, J. Edwards (1996)
Recurring issues in auditing: back to the future?Accounting, Auditing & Accountability Journal, 9
Craig Craig, Carmichael Carmichael (1998)
Auditor Independence as the SEC chief‐accountant sees it: an interview with Lynn E. TurnerThe CPA Journal, 68
DeJong DeJong, Smith Smith (1984)
The determination of audit responsibilities: an application of agency theoryAuditing: A Journal of Practice & Theory, 4
Michael Chatfield (1977)
A history of accounting thought
Liu Liu (1998)
Administrative system reform to terminate sponsorship arrangement for accounting firmsThe CPA Correspondence, 6
Jiashu Ge, Z. Lin (1993)
Economic reforms and accounting internationalization in the People's Republic of ChinaJournal of International Accounting, Auditing and Taxation, 2
Chapman Chapman (1992)
Limited auditors’ liability: economic analysis and the theory of Trot LawCanadian Business Law Journal, 20
Zeff Zeff (1987)
Does the CPA belong to a professionAccounting Horizons, 1
Yu Yu, Tang Tang (1998)
The obstacles and solutions to the reform of administrative system of CPA firmsJournal of Nanjing Economics Institute, 2
Qing Qing (1997)
Legal liability of public accountantsAuditing Research, 5
Carmichael Carmichael (1999)
In Search of concepts of Auditor IndependenceThe CPA Journal, 69
Huang Huang (1998a)
Some key issues to be solved in the reform of accounting firmsShanghai Accounting, 1
Palmrose Palmrose (1987)
Litigation and independent auditors: the role of business failures and management fraudAuditing: A Journal of Practice & Theory, 6
Brenda Porter (1993)
An Empirical Study of the Audit Expectation-Performance GapAccounting and Business Research, 24
Loebbecke Loebbecke, Eining Eining, Willingham Willingham (1989)
Auditors’ experience with material irregularities: frequency, nature, and detectabilityAuditing: A Journal of Practice & Theory, 9
Giacomino Giacomino (1994)
Expanding the auditor's role to narrow the expectations gapBusiness Forum, 19
Z. Lin, Fen-ling Chen (2000)
Asian financial crisis and accounting reforms in ChinaManagerial Finance, 26
M. Power (1998)
Auditor liability in contextAccounting Organizations and Society, 23
Jeffrey Yost (1995)
Auditor Independence as a Unique Equilibrium ResponseJournal of Accounting, Auditing & Finance, 10
Brougham Brougham, Parker Parker (1991)
The expectations gap: has SAS58 changed the public's perception of independent auditor's legal responsibilitiesJournal of Applied Business Research, 7
Wang Wang, Chen Chen (1996)
The trend of business auditing under China's modern enterprise systemContemporary Economics Sciences, 4
Farrell Farrell, Franco Franco (1998)
The changing role of the auditor: an analysis of viewpoints from the auditors’ perspectiveThe Mid-Atlantic Journal of Business, 34
R. Kaplan (1987)
Accountants' liability and audit failures: When the umpire strikes outJournal of Accounting and Public Policy, 6
St. Pierre St. Pierre, Anderson Anderson (1984)
An analysis of the factors associated with lawsuits against public accountantsThe Accounting Review, 59
Thomas Lys, R. Watts (1994)
Lawsuits Against AuditorsJournal of Accounting Research, 32
Mark Defond, T. Wong, Shuhua Li (1999)
The Impact of Improved Auditor Independence on Audit Market Concentration in ChinaUSC Marshall School of Business Research Paper Series
R. Dye (1993)
Auditing Standards, Legal Liability, and Auditor WealthJournal of Political Economy, 101
Tidewell Tidewell, Abrams Abrams (1996)
Auditor's liability and responsibility in finding fraudBusiness and Economic Review, 42
Victor Goldberg (1988)
Accountable Accountants: Is Third-Party Liability Necessary?The Journal of Legal Studies, 17
N. O’Sullivan (1993)
Auditors' Liability: Its Role in the Corporate Governance DebateAccounting and Business Research, 23
Christopher Pong, G. Whittington (1994)
The working of the Auditing Practices Committee--three case studiesAccounting and Business Research, 24
M. Bazerman, Kimberly Morgan, G. Loewenstein (1997)
The Impossibility of Auditor IndependenceSloan Management Review, 38
Miller Miller (2000)
SEC issues independence proposalThe Internal Auditor, 57
Shuo Shuo, Yam Yam (1987)
Audit profile: People's Republic of ChinaInternational Journal of Government Auditing, 14
Heffes Heffes (2002)
Special report: impact of the new regulations on corporate AmericaFinancial Executives, 18
Cao Cao (1998)
The role of auditing in supervision and control at macroeconomic levelAuditing Research, 4
F. Gravetter, L. Wallnau (1985)
Statistics for the Behavioral Sciences
J. Francis (1994)
Discussion of Lawsuits against AuditorsJournal of Accounting Research, 32
T. Fogarty, James Helan, D. Knutson (1991)
The rationality of doing “nothing”: Auditors' responses to legal liability in an institutionalized environmentCritical Perspectives on Accounting, 2
P. Sikka, A. Puxty, H. Willmott, Christine Cooper (1998)
THE IMPOSSIBILITY OF ELIMINATING THE EXPECTATIONS GAP: SOME THEORY AND EVIDENCECritical Perspectives on Accounting, 9
Gwilliam Gwilliam (1992)
Auditors’ liability: the public policy argumentsProfessional Negligence, 8
Huang Huang (1998b)
On the legal liability of capital verification by certified public accountantsCPA Correspondence, 7
Peng Peng, He He (1993)
The nature of China's CPA system and its improvementFinance and Accounting, 6
Xinmin Dai, A. Lau, Jiliang Yang (2000)
Hooking‐up: a unique feature of China Public Accounting FirmsManagerial Finance, 26
Z. Lin (1998)
Internationalization of public accounting: Chinese experienceManagerial Auditing Journal, 13
Levi Levi (1986)
Responses to fraud: an enhanced role for accountantsCompany Lawyer, 17
Munter Munter, Ratcliffe Ratcliffe (1998)
Auditor's responsibility for detection of fraudsThe National Public Accountants, 43
Steven Kachelmeier (1994)
Discussion of An Experimental Investigation of Alternative Damage-Sharing Liability Regimes with an Auditing PerspectiveJournal of Accounting Research, 32
Demery Demery (1996)
Increasing auditors’ responsibility in finding fraudPractical Accountants, 29
C. Humphrey, Peter Moizer, S. Turley (1993)
The Audit Expectations Gap in Britain: An Empirical InvestigationAccounting and Business Research, 23
Karen Hooks (1992)
Professionalism and self interest: A critical view of the Expectations GapCritical Perspectives on Accounting, 3
M. Geiger (1994)
Investor Views of Audit Assurance: Recent Evidence of the Expectation GapJournal of accountancy, 177
Cox Cox (2000)
Auditor independence becomes hot international topicChartered Accountants Journal of New Zealand, 79
J. Nelson, J. Ronen, L. White (1988)
Legal Liabilities and the Market for Auditing ServicesJournal of Accounting, Auditing & Finance, 3
Zhou Zhou (1997)
The problem and solution to audit research in ChinaCorrespondence on Accounting and Finance, 10
A. Barnett, James Brown, R. Flemming, W. Read (1998)
The CPA as Fraud-BusterJournal of accountancy, 185
Porter Porter (1996)
A research study on financial reporting and auditing – bridging the expectation gapAccounting Horizons, 10
Zeng Zeng, Zhang Zhang (1998)
On the limited‐liability accounting firmsThe CPA Correspondence, 3
Chung Chung (1995)
Auditors’ confidence and the audit expectation gapAustralian Accountants, 65
Liggio Liggio (1974)
The expectation gap: the accountant's WaterlooJournal of Contemporary Business, 3
Sutton Sutton (1997)
Auditor independence: the challenge of fact and appearanceAccounting Horizons, 11
William Kinney, M. Nelson (1996)
Outcome Information and the "Expectation Gap": The Case of Loss ContingenciesJournal of Accounting Research, 34
Kinney Kinney (1993)
Auditors’ liability: opportunities for researchAuditing: A Journal of Practice & Theory, 12
Li Li, Chen Chen (1997)
How to reduce lawsuit risk to public accountantsFinancing and Accounting, 4
D. Solomons (1991)
Accounting and social change: A neutralist viewAccounting Organizations and Society, 16
Nair Nair, Rittenberg Rittenberg (1987)
Message perceived from audit, review and compilation reports: extension to more diverse groupsAuditing: A Journal of Practice & Theory, 7
Liu Liu, Zhang Zhang (1999)
An analysis on the poor practicing quality of CPA firmsThe Chinese CPAs, 2
J. Innes, T. Brown, D. Hatherly (1997)
The expanded audit report ‐ a research study within the development of SAS 600Accounting, Auditing & Accountability Journal, 10
G. Priest (1991)
The Modern Expansion of Tort Liability: Its Sources, Its Effects, and Its ReformJournal of Economic Perspectives, 5
S. Martens, J. McEnroe (1991)
Interprofessional struggles over definition: Lawyers, accountants and illegal actsCritical Perspectives on Accounting, 2
Lynford Graham (1996)
Setting a research agenda for auditing issues in the People's Republic of ChinaThe International Journal of Accounting, 31
DeFond DeFond, Wong Wong, Li Li (2000)
The impact of improved independence on audit market concentration in ChinaJournal of Accounting and Economics, 28
Craig Craig (1997)
Preserving auditor independenceThe CPA Journal, 67
Chong Chong (1999)
The auditing systems in the People's Republic of ChinaJournal of Accounting and Auditing, 43
Hu Hu, Ge Ge (1998)
Some issues on legal liabilities of CPA practicesThe CPA Correspondence, 6
The audit ‘expectation gap’ is a crucial issue associated with the independent auditing function and has significant implications on the development of auditing standards and practices. Through a questionnaire survey, this study investigated the rise of ‘expectation gap’ and related auditing issues under business and auditing environment in the People's Republic of China. The results reveal that the role and benefits of public accounting (independent auditing) had been positively recognized by Chinese audit beneficiaries and auditors, and there were increasing demands for expanding the applicability of public accounting. This study obtained substantial evidence on the emergence of audit ‘expectation gap’ in China, with respect to audit objectives, auditor's obligation to detect and report fraud, auditor independence, and third party liability of auditors. The causes and practical implications of the ‘expectation gap’ are therefore analyzed contextual to the present practices of public accounting in changing Chinese social and economic conditions. This study should cast light on understanding of the institutional setting and recent development of independent audits in China.
International Journal of Auditing – Wiley
Published: Jul 1, 2004
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.