Pierre Astolfi

Bio: Pierre Astolfi is an academic researcher from Paris-Sorbonne University. The author has contributed to research in topics: Audit & International Financial Reporting Standards. The author has an hindex of 1, co-authored 1 publications receiving 2 citations.

Did the International Financial Reporting Standards Increase the Audit Expectation Gap? An Exploratory Study

Abstract: I examine the role of IFRS on the Audit Expectation Gap (AEG). Past research, mostly based on Porter [(1993). An empirical study of the audit expectation-performance gap. Accounting and Business Re...

Media Bias and the Persistence of the Expectation Gap: An Analysis of Press Articles on Corporate Fraud

Abstract: Prior research has documented the continued existence of an expectation gap, defined as the divergence between the public’s and the profession’s conceptions of auditor’s duties, despite the auditing profession’s attempt to adopt standards and practices to close this gap. In this paper, we consider one potential explanation for the persistence of the expectation gap: the role of media bias in shaping public opinion and views. We analyze press articles covering 40 U.S. corporate fraud cases discovered between 1992 and 2011. We compare the auditor’s duties, described by the auditing standards, with the description of the fraud cases as found in the press articles. We draw upon prior research to identify three sources of the expectation gap: deficient performance, deficient standards, and unreasonable expectations. The results of our analysis provide evidence that: (1) The performance gap can be reduced by strengthening auditor’s willingness and ability to apply existing auditing standards concerning fraud detection; (2) The standards gap can be narrowed by improving existing auditing standards; (3) Unreasonable expectations, however, involve elements beyond the profession’s sphere of control. As a result, the expectation gap is unlikely to disappear given the media’s tendency to bias, with an overemphasis of unreasonable expectations in their coverage of frauds and press articles tending to reinforce the view that the auditor should take more responsibility for detecting fraud, irrespective of whether this is feasible at a reasonable cost. In addition to the primary role of the press in perpetuating the expectation gap, a second reason for continuation of the expectation gap is that the rational auditor will have difficulty in assessing subjective components of fraudulent behavior.

Learning from Mistakes?: using corporate scandals to enhance audit teaching

Abstract: This paper examines the introduction of a case?based method of teaching auditing on courses for final year undergraduates. Set against the context of recent proclamations about the need to reform or change undergraduate accounting programmes, this method seeks to enhance students' understanding of the conflict?ridden world of auditing by requiring them to investigate and report on particular contemporary and historic corporate scandals. The paper reviews the structure, aims and objectives of the course, the selection of the scandals and the methodology required in terms of completing the assignment. It explores the process of implementation and highlights several educational benefits and the possibilities for development in relation to other courses. In particular, the paper challenges claims that corporate scandals are not an appropriate educational vehicle due to their complexity or unrepresentativeness of general audit practice.

Audit expectation gap: a comprehensive literature review

Abstract: Purpose This paper reviews a substantial body of scholarly work on the audit expectation gap (AEG) for many years and aims to construct a new synthesis of the existing knowledge of the AEG discovered by numerous scholars in the world. Design/methodology/approach A broad search of the literature was conducted using a few AEG related keywords in the Google Scholar search engine and two databases of Scopus and Emerald from 1974 to 2021. Only the articles published in reputable journals concerning the AEG were selected after applying some selection criteria. Findings The concept of AEG is a multidimensional concept. Different causes for the AEG were identified, and several strategies were summarized into major promising strategies for narrowing it. It was found that the AEG cannot be eradicated entirely from society. Practical implications This review of the literature will be of interest to auditors, financial statement users, regulatory agencies, and policymakers, among other parties. Further, this AEG synthesis may be useful in understanding misperceptions and determining how they differ across diverse stakeholders. Originality/value There is a dearth of literature review studies incorporating all the facets of AEG. Hence, this study incorporates all those facets, namely research methods and instruments and dimensions used along with causes and mechanisms to narrow down the AEG while addressing the gaps and highlighting the themes for future research. Finally, a fresh, yet more straightforward definition was generated as a result of the comprehensive review of the literature, adding novelty to the extant literature.

The Role of External Auditor in the Adoption of Computer-Assisted Audit Techniques (CAATS) with Unified Theory of Acceptance and Use of Technology: An Empirical Study in Public Audit Firms in Jakarta

Abstract: the adoption of

AJAR-10-2021-0202_proof 308..319

Abstract: Purpose – This paper reviews a substantial body of scholarly work on the audit expectation gap (AEG) for many years and aims to construct a new synthesis of the existing knowledge of the AEG discovered by numerous scholars in the world. Design/methodology/approach –A broad search of the literature was conducted using a few AEG related keywords in the Google Scholar search engine and two databases of Scopus and Emerald from 1974 to 2021. Only the articles published in reputable journals concerning the AEG were selected after applying some selection criteria. Findings – The concept of AEG is a multidimensional concept. Different causes for the AEG were identified, and several strategies were summarized into major promising strategies for narrowing it. It was found that the AEG cannot be eradicated entirely from society. Practical implications –This review of the literaturewill be of interest to auditors, financial statement users, regulatory agencies, and policymakers, among other parties. Further, this AEG synthesis may be useful in understanding misperceptions and determining how they differ across diverse stakeholders. Originality/value – There is a dearth of literature review studies incorporating all the facets of AEG. Hence, this study incorporates all those facets, namely research methods and instruments and dimensions used along with causes and mechanisms to narrow down the AEGwhile addressing the gaps and highlighting the themes for future research. Finally, a fresh, yet more straightforward definition was generated as a result of the comprehensive review of the literature, adding novelty to the extant literature.