The Auditor's Responsibility Relating to Fraud in an Audit of Financial Statements: Fraud “Audit Expectation Gap” in the Middle Eastern Countries 

The following white paper was presented at the first international auditing and accounting conference in Ramallah, Palestine on November 7, 2012

Prepared by: Mohammed J. Masoud, CPA, CFE, CICA, MBA 
                     The AACI, Technical Advisory Director; Middle East and Africa
                                                                      

 Abstract

This paper presents the results of reviewing the existence of the fraud “audit expectation gap” in the Middle Eastern countries. The purpose of this research is to review the literature written about the audit expectation gap as it relates to fraud to find out whether the results of prior research can be applied to the Middle East where this phenomenon has not sufficiently been examined despite its crucial impacts on the audit profession. Despite the scarcity of research about this phenomenon in the Middle East, we found that the fraud “audit expectation gap” exits in the Middle Eastern countries. 


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