A study of the expectation gap regarding fraud detection
The objective ofthis project is to study the expectation gap regarding the auditor's duty to detect fraud . According to literature review, fraud detection had been the ma in audit objective until the 1960s . Since then, auditors are more concerned about the determination of the fairne...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Language: | English |
| Published: |
2014
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/55593 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | The objective ofthis project is to study the expectation gap regarding the auditor's duty to
detect fraud . According to literature review, fraud detection had been the ma in audit
objective until the 1960s . Since then, auditors are more concerned about the
determination of the fairness of the financial statements. In order to examine the local
situation in the area of fraud detection, a survey was carried out on investors . The r es ult s
showed that approximately half of the surveyed investors expected the auditor t o detect
fraud. We further examined the reasons behind the investors' opinion regarding fraud
detection . We analysed and compared our findings from our survey and available
literature to draw our own conclusions and to suggest some recommendations for bridging
the gap. |
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