The expectation gap can be reduced by:
A) auditors performing their duties properly
B) enhanced reporting to explain what processes have been followed in arriving at an audit or a review opinion
C) assurance providers reporting accurately the level of assurance being provided
D) all of the above.

Question

Quizplus · Accepted Answer

The expectation gap is the difference between what the public expects from auditors or assurance providers and what they actually do. Therefore, all of the given choices can contribute to reducing the expectation gap. If auditors perform their duties properly, it increases the public's confidence in the profession. Enhanced reporting can help stakeholders understand the basis for the auditor's opinion and increase transparency. The accuracy of the level of assurance being provided is important for stakeholders to understand the extent of the auditor's work and reliability of the report.

The Expectation Gap Can Be Reduced By