The relationship between the task undertaken by auditors and the understanding of the users is called:
A) the experience gap.
B) the auditor's report.
C) the expectations gap.
D) the information gap.

Question

Quizplus · Accepted Answer

The expectations gap refers to the difference between what users expect from an auditor's work (such as detecting fraud) and what the auditor actually does (such as providing reasonable assurance that the financial statements are free from material misstatement). This gap can lead to misunderstandings and dissatisfaction among users of financial statements.

The Relationship Between the Task Undertaken by Auditors and the Understanding