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  • Expectation Gap (CH 1+4)

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    Md. Milon Chowdhury
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    The document discusses the expectation gap in assurance engagements. The expectation gap is a misunderstanding between what auditors are responsible for and what stakeholders expect from auditors. Some misunderstandings that contribute to the gap are the purpose of an audit, the level of assurance provided, and the responsibilities of management versus auditors. Auditors can help close the expectation gap by better communicating the limitations and responsibilities of an audit to stakeholders.

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    Expectation gap(CH 1+4)

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    Expectation gap(CH 1+4)

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    The document discusses the expectation gap in assurance engagements. The expectation gap is a misunderstanding between what auditors are responsible for and what stakeholders expect from auditors. Some misunderstandings that contribute to the gap are the purpose of an audit, the level of assurance provided, and the responsibilities of management versus auditors. Auditors can help close the expectation gap by better communicating the limitations and responsibilities of an audit to stakeholders.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    7 views2 pages

    Expectation Gap (CH 1+4)

    Uploaded by

    Md. Milon Chowdhury
    The document discusses the expectation gap in assurance engagements. The expectation gap is a misunderstanding between what auditors are responsible for and what stakeholders expect from auditors. Some misunderstandings that contribute to the gap are the purpose of an audit, the level of assurance provided, and the responsibilities of management versus auditors. Auditors can help close the expectation gap by better communicating the limitations and responsibilities of an audit to stakeholders.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 2

    1.

    Expectation gap(CH 1+4)


    Hand note:

    Definition of expectations gap (Chapter 4)

    Misunderstandings which contribute to the expectations gap (Chapter 4)

    How auditors can close the expectations gap (Chapter 1)


    Year Q Question Mark Practice
    No s (Yes/ No)
    June 8b What is the `expectation gap’ in assurance engagement?
    2012
    June 1d How can you minimize expectation gaps which arise from a misunderstanding of
    2015 the role and purpose of an audit/assurance engagement.
    Dec 1a Define 'expectations gap’ and give three examples of misunderstandings which
    2016 contribute to the expectations gap.

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