Analysis of the effective factors in reducing of independent audit expectation gap: Evidence from Borsa İstanbul

Independent audit adds significant value to its financial statements by increasing the reliability of financial information provided by businesses. A quality independent audit process reduces the risk of errors and inaccuracies in the financial statements which are presented. However, financial statement users and auditors have different perceptions and opinions about the audit reports, independent audit function and the auditor's duties and responsibilities. These differences are called the expectation gap in the literature. In this study, it was investigated whether the proposed factors were effective in reducing the concept of expectation gap emerging in the independent audit. For this purpose, a questionnaire was prepared and these forms were sent to the employees of the company which are traded on Borsa Istanbul via e-mail. The data obtained were analyzed in SPSS package program by statistical methods such as frequency analysis, normality test, t-test and ANOVA tests. As a result of the analysis, it was determined that the proposed factors were effective in reducing the expectation gap in the independent audit. At the end of the study various suggestion was made found for the future work. Keywords: Independent audit, independent auditor, expectation gap, expectation gap reason, effective factors in reducing expectation gap