What is the meaning of the term audit expectation gap?

Question

Quizplus · Accepted Answer

The audit expectation gap refers to the difference between what the public and users of financial statements expect from the auditing process and what auditors believe their responsibilities entail. This encompasses the public's expectations about the duties and responsibilities of auditors versus what auditors actually deliver, as well as the broader societal expectations about auditor performance. All the provided options describe aspects of this gap, making them collectively accurate.

What Is the Meaning of the Term Audit Expectation Gap