Since the existing literature does not discuss about audit perception in sri Lankan context , through this new research try to investigate the audit perception in Sri Lanka Measuring financial and non-financial investors perception about audit. Identifying whether any expectation gap exists regarding audit. To Investigating Audit Education. To Identify Reasons For Expectation Gap. To determine Ways to Reduce Expectation Gap What are the ways to Investigate Audit Education? What are the Reasons For Expectation Gap ? How to determine the Ways to Reduce Expectation Gap?

2. RESEARCH GAP
 ARTICLE NAME: The Audit Expectation gap: evidence from Lebanon - Yusuf Munir
Sidani(2007)
 Findings :
1. Legal Professionals have a better understanding of the role of auditors compared to other
users.
2. Country law can create greater impact on the auditing process.
3. There is a gap between the auditors' understanding of their profession compared with
the perceptions of others.
4. There is a significant difference in perceptions of the role of the auditor in respect of
fraud detection.
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3.  previous literatures discussed about audit perception related to foreign
context
 Since the existing literature does not discuss about audit perception in
sri Lankan context , through this new research try to investigate the
audit perception in Sri Lanka.
Expectation gap is defined as "the difference between what the public
and financial statement users believe auditors are responsible for and
what auditors themselves believe their responsibilities are.”
DEFINITION OF “EXPECTATION GAP”
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4. Statement of Problem
 Measuring financial and non-financial investors
perception about audit.
 Identifying whether any expectation gap exists
regarding audit.
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5. Research Objectives
 To Investigating Audit Education.
 To Identify Reasons For Expectation Gap.
 To determine Ways to Reduce Expectation Gap
Research Questions
 What are the ways to Investigate Audit Education?
 What are the Reasons For Expectation Gap ?
 How to determine the Ways to Reduce Expectation Gap?
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6. Conceptual Framework
Independent variables Dependent variable
1. Auditors and auditing
process
2. Auditor’s roles with
respect of audited
clients
3. Performances
attribute of auditors
Audit
expectation
gap
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7. Hypothesis
 H1: There is a relationship between Auditors and auditing process
and Audit expectation gap.
 H2: There is a relationship between Auditor’s roles with respect of
audited clients and Audit expectation gap.
 H3: There is a relationship between Performances attribute of auditors
and Audit expectation gap
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8. Research Methodology
 Sampling
Population
Auditors, accountants, accounting educators in Sri Lanka
Sample
30 participants from above mentioned 1 survey group in Colombo
District.
Unit of Analysis
One participant {Auditors, accountants, accounting educators}
Sampling Technique
Simple Random Sampling.
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9.  Research Approach
Quantitative approach
 Methods of data collection
Primary Data :
Questionnaire consists of 2 parts
1. Personal questions
2. Audit perception questions
Secondary Data :
Research articles, Journal articles, Annual Reports,
 Data Analysis
Statistical Package for Social Sciences (SPSS) used as the data
analysis technique
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10. Significance of the study
 Help reduce expectation gap .
 Clear public misconception.
 Ensure proper decision making that saves time and
money.
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11. Thank You
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