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Audit

Expectation Gap Quick, 2020

QuestionAnswer
the expectations of audited financial statement beneficiaries greater that what auditors can reasonably achieve
what methodology dominates in this area surveys - possible bias in answers
main suggestions made to close the gap education and expanding the scope of audit
attempts to narrow gap via regulation only partially successful
feasibility of education low - too many stakeholder groups
expanding audit report could increase transparency
gap varies in different countries therefore cannot be wholly solved by the standards
Created by: amyperston
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