The audit expectation gap : alive and well in Malaysia

Abstract

Based on Porter's framework, 35 semi structured in-depth interviews were conducted with the objective of understand the underlying causes that give rise to the different components of the audit expectation gap in Malaysia. The interviewees included: 8 auditors, 5 representatives from the major regulatory bodies in Malaysia, 4 financial controllers and 2 accountants, 4 company directors, 3 fund managers, 4 private investors, 3 auditing professors and 2 bank officers. It was hoped that the findings arising from the interviews would enable effective solutions appropriate to the business and auditing environment in Malaysia to be devised and implemented more comprehensively and effectively.