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Dissertation example - Investigate the expectation of the users of financial statement from the auditors in case of Saudi Arabia

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Masters
Dissertation
Finance & Accounting
Pages 83 (20833 words)
This research examines and analyzes accounting guidelines and practices implemented in the Kingdom to determine their suitability in terms of ensuring the elimination of the auditing experiences gap as well as their appropriateness to the experience of the country. …

Extract of sample

‘Investigate the expectation of the users of financial statement from the auditors in case of Saudi Arabia’ startes with the description of the concept of the auditing experiences gap as well as the most common elements that contribute to the formation of the latter. The results also focused on the most common recommendations that previous researchers have identified which they have considered as effective in terms of eliminating, or at least, narrowing the audit expectations gap. However, as the literature suggested, the said recommendations were determined based on the experiences of developed countries rather than focusing on the factors that affect developing societies that usually adhere to different societal worldviews. This is of utmost importance in this study taking into consideration, the fact that a different worldview exists in the Kingdom of Saudi Arabia as it is a Muslim country, adhering to the principles of Shari’ah Law. The literature review also highlighted the main facets of the Saudi society. It was clearly established that the latter is governed by a different ideology as well as by a different legal system. These factors have then contributed significantly to the expectations of the users of financial statements as well as to the practice of the auditors per se. Cogently, the theoretical background adopted in this study emphasizes the importance of taking the said factors into consideration so as to properly understand the expectations of the users of financial statements as well as auditing expectations gap existing in the country.

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