Audit expectation gap
The audit expectation gap is the difference between what users believe an auditor does or should achieve and the actual responsibilities and limitations of an audit. Clear communication about audit scope and reasonable assurance can help reduce misunderstanding.
Worked example
A user expects the audit to guarantee that no employee fraud exists, although the auditor provides reasonable rather than absolute assurance.
Common mistake
Do not suggest that the expectation gap removes the auditor’s duty to plan and perform required fraud-related procedures.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AAA (INT) | Direct | September 2026–June 2027 |