What does academic research indicate about the usefulness of the extended audit report? ?
A) It has encouraged users to read more of the audit report.
B) It has had a material impact on the quality of audits in jurisdictions where the extended audit report has been mandated.
C) It has not significantly closed the "audit gap".
D) All of the above.

Question

Quizplus · Accepted Answer

Academic research suggests that while the extended audit report provides more information, it has not significantly closed the "audit gap," which refers to the difference between what users expect from an audit and what an audit actually provides.

What Does Academic Research Indicate About the Usefulness of the Extended