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Analysis of the Perspectives on the Construction of the Audit Expectation Gap concerning Fraud

Zaun, Verena Dorothea LU and Malikonyte, Gabija LU (2021) BUSN79 20211
Department of Business Administration
Abstract
The purpose of this thesis is to analyse the audit regulatory space with regard to fraud and discuss the elements of the expectation gap as constructed by the IAASB and its stakeholders.
The research question is addressed by a qualitative approach, using Political Discourse Analysis, the concept of regulatory space and an analytical framework designed by the authors.
The analysis of the construction of the fraud-related expectation gap was based on the IAASB discussion paper with main focus on fraud and going concern and the comment letters to it. Firstly, the IAASB discussion paper was analysed to illustrate the construction of the issue of the expectation gap by the IAASB. Secondly, the respondents and their interrelations in the audit... (More)
The purpose of this thesis is to analyse the audit regulatory space with regard to fraud and discuss the elements of the expectation gap as constructed by the IAASB and its stakeholders.
The research question is addressed by a qualitative approach, using Political Discourse Analysis, the concept of regulatory space and an analytical framework designed by the authors.
The analysis of the construction of the fraud-related expectation gap was based on the IAASB discussion paper with main focus on fraud and going concern and the comment letters to it. Firstly, the IAASB discussion paper was analysed to illustrate the construction of the issue of the expectation gap by the IAASB. Secondly, the respondents and their interrelations in the audit regulatory space were analysed building a basis for the examination of the components of the expectation gap as presented by the IAASB’s stakeholders. All three parts provided inputs for the analytical framework, building the basis for the discussion, that deals with the components the actors within the regulatory space construct as part of the expectation gap.
The study of the construction of the expectation gap revealed that the IAASB tries to keep its scope narrow and within the boundaries of its standard-setting responsibility, while its stakeholders are trying to broaden the construction of the expectation gap to have their interests discussed in its scope. This reflects the self-interest of the actors in the regulatory space, as they attempt to influence the construction of the expectation gap with their perspectives based on their own needs. (Less)
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author
Zaun, Verena Dorothea LU and Malikonyte, Gabija LU
supervisor
organization
course
BUSN79 20211
year
type
H1 - Master's Degree (One Year)
subject
keywords
Audit, Expectation Gap, Fraud, Regulatory Space, IAASB
language
English
id
9051006
date added to LUP
2021-09-08 14:35:55
date last changed
2021-09-08 14:35:55
@misc{9051006,
  abstract     = {{The purpose of this thesis is to analyse the audit regulatory space with regard to fraud and discuss the elements of the expectation gap as constructed by the IAASB and its stakeholders.
The research question is addressed by a qualitative approach, using Political Discourse Analysis, the concept of regulatory space and an analytical framework designed by the authors.
The analysis of the construction of the fraud-related expectation gap was based on the IAASB discussion paper with main focus on fraud and going concern and the comment letters to it. Firstly, the IAASB discussion paper was analysed to illustrate the construction of the issue of the expectation gap by the IAASB. Secondly, the respondents and their interrelations in the audit regulatory space were analysed building a basis for the examination of the components of the expectation gap as presented by the IAASB’s stakeholders. All three parts provided inputs for the analytical framework, building the basis for the discussion, that deals with the components the actors within the regulatory space construct as part of the expectation gap.
The study of the construction of the expectation gap revealed that the IAASB tries to keep its scope narrow and within the boundaries of its standard-setting responsibility, while its stakeholders are trying to broaden the construction of the expectation gap to have their interests discussed in its scope. This reflects the self-interest of the actors in the regulatory space, as they attempt to influence the construction of the expectation gap with their perspectives based on their own needs.}},
  author       = {{Zaun, Verena Dorothea and Malikonyte, Gabija}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Analysis of the Perspectives on the Construction of the Audit Expectation Gap concerning Fraud}},
  year         = {{2021}},
}