اثر تطبيق معيار التدقيق الدولي رقم ( 700 ) المعدل والخاص بتقرير المدقق في تضيق فجوة التوقعات من وجهة نظر المستثمر الفلسطيني

This study aims to evaluate the audit report ability in meeting informational requirements of the Palestinian financial community, which reflects audit report expectation gap, and to evaluate the impact of appliying ISA No. (700) amended to abridge it . A questionnnaire, was developed, then underwent Cronbach Alpha test, in oreder to be distributed to a sample of (128) investors selected randomly .The data collected were treated through descriptive statistical methods like frequency, ratios in describing sample characterestics, means, standard deviations for describing study fields ,and (Z) ,and variation test for hypotheses testing. The analysis of collected data reflected ahighly qualified and experienced sample investors. The study concluded that audit report has enjoyed moderate attention of the financial community. This conclusion was supported by (Z) test to the first hypothesis .Statistical analysis to hypotheses show high consonance of the sample in judgement of ISA (700) effect on narrowing the expextation gap , despite their diversities in experience and qualification levels, but variations in opinions arose with regard to the scientific specialization, in favour of accounting degrees holders, but still remains under the desired level as indicated in sixth hypothesis (Z) test. The most important recommendations of the researchers included the following:- - More attention should be paid by the Palestinian financial community in general and investors of Palestine Stock market in particular, to the audit report, with special emphasis to objective opinion, to qualify for sound decision. - In order to abridge the audit expectation gap the following procedures could be implemented ;- Increasing the awareness level of the investors about the main duties of the auditor in dealing with critical problems that may broaden the gap like evaluation of client continuity, and detection of legal maladies and fraud., - Enforcing the ISA700 by Palestinian Secrities exchange commission as a perquisite to enlist any company shares. an‎d further support should be made to adopt it strictly by Palestinian Association of Certified Public Accountants. Keywords: Audit report, expectation gap, international auditing stanadard 700, auditors responsibilities, managements responsibilities, Palestinian investor