What Is the Meaning of the Term Audit Expectation Gap

question 57

Multiple Choice

What is the meaning of the term audit expectation gap?

• A) The difference between what the public and financial statement users believe auditors are responsible for, and what auditors themselves believe to be their responsibilities
• B) The difference between public expectations about the responsibilities and duties of the auditing profession and what the auditing profession actually provides
• C) The gap between the expectations of society about auditors and the performance of auditors
• D) All answers are correct