Auditor Perceptions Of Statements On Auditing Standards 53 and 54: A Study Of Demographics And Perceptions Of Efficacy

Abstract

This study examines the relationship between auditor demographics and auditor perceptions of Statements of Auditing Standards 53 and 54, and the extent to which these statements may be contributing to a previously unrecognized “expectations gap” between the Auditing Standards Board and practicing CPAs.  Responses from a randomly drawn sample of AICPA auditors were subjected to a canonical correlation analysis in order to identify and define any underlying perceptual constructs.  These constructs were subsequently compared with the stated objectives of the Statements.