The expectation gap is caused by
A) realistic auditor expectations.
B) unrealistic user expectations.
C) realistic user expectations.
D) unrealistic auditor expectations.

Question

Quizplus · Accepted Answer

The expectation gap is caused by unrealistic user expectations, which refers to the difference between what users (such as investors, creditors, and regulators) expect from auditors and what auditors are actually able to provide. This can lead to misunderstandings and disputes, and can even threaten the credibility of the auditing profession. While there may be instances where auditors have unrealistic expectations, the expectation gap primarily arises from users expecting too much from the auditing process.

The Expectation Gap Is Caused by