BRIDGING THE EXPECTATIONS GAP BETWEEN AUDITORS REPORTSAND THE REQUIREMENTS OF THE FINANCIAL COMMUNITY “AN EMPIRICAL STUDY KINGDOM OF BAHRAIN” (Published)
Auditing profession is facing challenges on several levels, namely the absence of confidence of the financial community of the reports prepared by them because such reports do not meet the requirements the and only focus on the interests of the owners, which led to frequent financial crises in the business environment.This research aims at identifying the factors that help to bridge the gap between auditors’ expectations and requirements of the financial community at the Kingdom of Bahrain. Therefore, to achieve the goal of this study, a questionnaire has been designed and distributed to the parties related to bridging the gap between auditors and the financial community. To test the probabilities of the research, analytic descriptive statistics has been used. The study has concluded that the orientation of financial reports to make balance between the common interests for the parties shall help to bridge the gap between auditors and financial community and enhance the confidence between them. The statistical study has proved that there is statistical relation between auditors’ reports and the requirement of the financial community which affects the expectations gap between them then recommendations were suggested to reform this fault.
Keywords: : Bridging, Auditors Reports, Expectations Gap, Financial Community, Requirements