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