Decision Usefulness Factors as a Determinant of Audit Expectation Gap in Listed Deposit Money Banks in Nigeria
Abstract The objective of the study is to examine the effect of decision usefulness factors on audit expectation gap in listed deposit money banks in Nigeria. The study used a sample of 385 respondents which was selected using Cochran Sample size formula from the target population group which comprise of lenders, investors/shareholders and other Creditors. The research questionnaire was drawn on a five-point Likert Scale and was tested for reliability and validity. The data was analyzed using multiple regression analysis. The Study found that decision usefulness components collectively have statistically significant positive impact on audit expectation gap in Nigeria. The study recommends that users of financial statement should be enlightened on the roles and responsibilities of an auditor by the respective banks, Central Bank of Nigeria (CBN), Nigerian Deposit Insurance Corporation( NDIC) and that Professional bodies and regulatory authorities should ensure that auditor avoid economic dependence on client, this will enhance auditors independence and attracts reliance on financial report/statement prepared by auditors for decision making. Keywords: Audit Expectation Gap, Banks, Decision Usefulness factors, Determinants and Nigeria.