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Expectations Gap

Forums › ACCA Forums › ACCA AAA Advanced Audit and Assurance Forums › Expectations Gap

Viewing 2 posts - 1 through 2 (of 2 total)
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  • September 3, 2017 at 12:48 am #405080
    marium salman
    Member
    • Topics: 38
    • Replies: 58
    • ☆☆

    HI,

    can someone please tell me about bridging the expectations gap ? What the auditor actually does and what the public thinks it does.

    What recommended ways are there to bridge those gaps?

    Thanks.

    September 3, 2017 at 9:11 am #405103
    fbawany
    Member
    • Topics: 20
    • Replies: 171
    • ☆☆

    There are 2 types

    A standards / performance gap – users believe auditing standards are more comprehensive to what they actually are.

    A liability gap – users do not understand whom the auditor is legally responsible to.

    I hope this helps

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