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Client and auditor

management and auditor

Recently, standard setters revised the Auditor's Report to provide more detail on management's and auditors' responsibilities related to going-concern disclosures. (Click on the icon to view the Audit Expectation-Performance Gap diagram.) Refer to the Audit Expectation-Performance Gap diagram provided and explain how this change attempts to reduce the expectations gap Complete the sentences below. The changes in the audit report help to more clearly explain society's and auditor's responsibilities. This will help address the expectations gap in terms of what society thinks auditors do and what they actually do, which is referred to as the reasonableness gap The Audit Expectation-Performance Gap diagram The Audit Expectation-Performance Gap Society's Perceived performance of auditors expectations Audit expectation-performance gap of auditors Performance gap ke Reasonablenessap Deficient performance Deficient standards Unreasonable expectations Auditors existing duties Duties reasonably expected of auditors Duties defined by the law and professional promulgations Duties which are cost-beneficial for auditors to perform Print Done Recently, standard setters revised the Auditor's Report to provide more detail on management's and auditors' responsibilities related to going-concem disclosures. 1 (Click on the icon to view the Audit Expectation-Performance Gap diagram.) Refer to the Audit Expectation-Performance Gap diagram provided and explain how this change attempts to reduce the expectations gap. Complete the sentences below. The changes in the audit report help to more clearly explain society's and auditor's responsibilities. This will help address the expectations gap in terms of what society thinks auditors do and what they actually do, which referred to as the reasonableness gap