Some have proposed the idea of an audit expectation gap which is the difference between what the
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Some have proposed the idea of an “audit expectation gap” which is the difference between what the auditor accomplishes using GAAS and what third-party users expect from audited financial statements. Do you think there is an expectations gap? Discuss and identify potential sources of the gap.
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One major source of the expectations gap is the publics expectations regarding auditor responsibilit...View the full answer
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Related Book For 
Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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