StudentShare solutions
Triangle menu

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

Not dowloaded yet

Extract of sample
Investigate the expectation of the users of financial statement from the auditors in case of Saudi Arabia

‘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.

These literatures all emphasize that the expectations gap is usually evident from two points of view: (1) the users of the financial statements and (2) the auditors. In addition, there are also four expectation issues connected with this; these are: (1) audit assurance which pertains to the role and functions that the auditors must fulfill, (2) the level of quality in relation to the performance of the audits, (3) structural issues and regulatory issues that significantly affect the independence of the accountants/auditors, and (4) the manner by which the said audits are reported, taking into consideration the inconsistencies in terms of the construction of the different meanings contained in the audit reports. Previous studies conducted in relation to the auditing experiences gap tend to focus on developed countries and at the same time, have significantly failed to give paramount importance to the political and historical contexts wherein the said expectations are formed. Aside from this, the common recommendation is to publish strict guidelines with respect to accounting and auditing to cater to the problem at hand. However, some of the said studies mention that the said recommendations do not usually apply to all countries, most especially the developing ones taking into consideration the differences as to the ideological and legal structures that govern it. The study focuses on the experiences and perceptions of the users of financial statements in the Kingdom of Saudi Arabia. In addition to this, it also seeks to determine the different factors affecting this to gain a better understanding of the auditing experiences gap in the said country. This ...Show more


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. …
Author : gkessler
Investigate the expectation of the users of financial statement from the auditors in case of Saudi Arabia essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the dissertation on your topic
"Investigate the expectation of the users of financial statement from the auditors in case of Saudi Arabia"
with a personal 20% discount.
Grab the best paper

Related Essays

Recruitment in Companies: A Case Study of a Private Company in Saudi Arabia
The client that I have chosen for this study is a medium-sized, private company based in Riyadh, Saudi Arabia, named Excellent Solutions Trading Co. Ltd (or ES for brevity) established in 2004. This company is a manpower outsourcing and training company, which, to date, has trained over 2000 employees.
60 pages (15000 words) Dissertation
The Impact of Corporate Governance Disclosure on the Financial Reporting Practices in a Developing Country: Saudi Arabia
The concept of corporate governance achieved acknowledgment since the 1980’s, when corporate organizations began exercising it as a benchmark ethical measure intended for accounting and financial reporting in addition to other fair practices. Formerly, corporate governance was defined as a standard collection of guidelines that is exercised to administer and implement control over corporate organisations.
36 pages (9000 words) Dissertation
Commercial banks in Saudi Arabia
In the past, there used to be elite existences that were responsible for maintaining inflow and outflow of money in the market; however, since few decades, commercial banks have been performing this imperative task to maintain and improve economy of the country.
16 pages (4000 words) Dissertation
Investigate the expectation of the users of financial statement from the auditors in case of Saudi Arabia
To ensure its validity and credibility, this is likewise authenticated based on the code of ethics and regulations. Hence, in this process, accountants and auditors then play a significant role in terms of eliminating the communication gap between the managers of enterprisers and the end users of the financial reports (Giacomino 1994; Galloway 2003).
60 pages (15000 words) Dissertation
Corporate Governance and its Influence on the Role of Auditors in The Kingdom of Saudi Arabia
The current study aims to determine the influence of corporate governance on the role of auditors in Saudi Arabia. Through the use of a purposive sample of 150 auditors, the present study suggests that auditors in KSA perceive corporate governance positively in terms of its capacity to put forth strategies that increase company operations.
62 pages (15500 words) Dissertation
Petrochemical Industry of Saudi Arabia
Saudi Arabia is largely dependent on oil for its revenues. The presence of this very mineral is likely to attract a large amount of investment in the nation. However, in order to venture out to any particular sector, an investor normally takes into consideration the extent to which the respective stock is volatile to market fluctuations.
7 pages (1750 words) Dissertation
The Recruitment in companies: A case study of a private-sector company in Saudi Arabia
Positions 45 Main Reasons for Difficulties in Recruitment and Selection 46 Programs to Address the Hardships Encountered in Recruitment and Selection Process 47 Recruitment and Selection Methodologies for Filling Vacancies 49 Methodologies for Candidate Selection 51 Average Length of Time for Filling Up Vacancies 52 Computing for the Estimated Cost of Recruitment and Turnover per Employee 53 Interview Results 53 Summary of Findings 60 Evaluation of the Various Recruitment Phases 60 Evaluation of Recruitment Strategies 61 Conclusions and Recommendations 63 Reflective Summary Reflective Summary 68 Personal Post Project Review 68 Client Post Project Review 69 MUBS Enterprise Post Project Review
60 pages (15000 words) Dissertation
The financial support for SME's and their development role in Saudi Arabia
Analyzing the organizational resource requirement for SMEs to improvement its competitiveness will also be significant purpose of this research paper. Combination of qualitative and quantitative research mythology backed by secondary data source analysis, questionnaire survey and interview with open ended questions has been used in this paper.
20 pages (5000 words) Dissertation
Green Buildings in Saudi Arabia
This dissertation chapter focuses on the building council in Saudi Arabia that is trying to promote and facilitate the practice of green building in the country by increasing public awareness, providing training and needed education on the issue, assisting the industry of construction alter to the specifications and needs of green building development.
11 pages (2750 words) Dissertation
Saudi Arabia Political Economy Environment
Women in Saudi Arabia have been estimated to be approximately half of the population. The unique ration of men to women in the region is due to over 5 million, most of whom are male, workers who have immigrated into Saudi Arabia from foreign regions.
6 pages (1500 words) Dissertation
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation