Which of these actions is most likely to remove the audit expectation gap?
A) improving auditing standards
B) educating of audit users about what are reasonable expectations
C) improving auditor's performance
D) it will require a comprehensive approach combining all three of the above

Question

Quizplus · Accepted Answer

The audit expectation gap is a complex issue that stems from the difference between what the public and financial statement users expect from the auditing process and what auditors actually deliver. Addressing this gap requires a multifaceted approach that includes improving auditing standards to ensure they are robust and up-to-date, educating users about what they can reasonably expect from an audit to align their expectations with reality, and enhancing auditors' performance to meet or exceed those expectations. Therefore, a comprehensive approach that combines all three elements is most likely to be effective in reducing the audit expectation gap.

Which of These Actions Is Most Likely to Remove the Audit