The Impact of ISA 220 on Narrowing the Expectation Gap in Audit: A Study on Auditors in Iraq

The International Standard on Auditing (ISA) 220 is one of the tools to mitigate the expectation gap in auditing. This standard outlines the auditor's responsibilities and explains the importance and necessity of complying with quality control procedures during the audit process. It can be stated that auditors conducting their audits in accordance with this standard will meet stakeholder expectations, maintain the expectation gap at a reasonable level, and demonstrate a quality audit approach. This study aims to evaluate the role of compliance with International Auditing Standard 220 from the perspective of auditors operating in Iraq in reducing the expectation gap in auditing. To this end, data were collected from certified public accountants and auditors in Iraq through a three-part questionnaire. Of the 433 questionnaires distributed, 224 valid responses were received. The analysis revealed a significant positive relationship between compliance with this standard and the reduction of the expectation gap. This result shows that compliance with ISA 220 has a significant impact on reducing the expectation gap in auditing and improving the audit process.