Model on the Independence Gap in Financial Audit
Author:
Univ. Prof. Eugeniu ŢURLEA, PhD; Mihaela MOCANU, PhD
JEL:
L14, L84, M42
DOI:
Keywords:
financial audit, fees, independence, financial dependence
Abstract:
Following the financial scandals from the beginning of the XXIst century and the effects of the financial crisis, the perception of the public on the financial audit profession and on the independence of auditors are two topics that come again to the attention of practicians, regulators and researchers. Consequently, the present research aims at developing a model on the independence gap in financial audit, by parity of reasoning with the models already developed in the literature on the expectation gap in the field of financial audit. Using a methodological approach from the area of constructivism, authors present the evolution of the notion of ”expectation gap”, investigate the history of the main expectation gap models and present their own model regarding the differing perceptions on the independence in auditing.\r\n\r\n\r\n\r\n