What is "expectation gap"?
A) The difference between what the public thinks the accountant is not doing and what the accountant knows they don't do.
B) The difference between what the public thinks the accountant should do and what Congress says the accountant should do.
C) The difference between what the public thinks the accountant should do and what the accountant thinks they can do.
D) The difference between what the accountant should do and what the Courts say the accountant should be doing.

Question

Quizplus · Accepted Answer

The expectation gap refers to the gap between the expectations of the public (or clients) and what the accountant believes they can realistically provide. This can arise due to misunderstandings regarding the scope and limitations of the accountant's role, leading to unrealistic expectations. While A, B, and D are related to the concept of expectations, they do not accurately define the expectation gap.

What Is "Expectation Gap