The information gap is:
A)the difference between what information the auditors know and what they should know when they complete the audit.
B)is the same as the expectations gap.
C)the difference between what users believe is needed to make informed investment decisions and what is currently available to them.
D)the difference between what auditors need to issue a limited assurance report and what they need to issue a reasonable assurance report.

Question

Quizplus · Accepted Answer

The information gap refers to the difference between what users believe is needed to make informed investment decisions and what is currently available to them. Options A and D are related to the audit report, but not specifically about the information gap. Option B refers to a different concept called the expectations gap.

The Information Gap Is