Closing the expectation gap in audit
In this report, ACCA defines the expectation gap in audit in the broadest terms possible as ‘the difference between what the general public thinks auditors do and what the general public would like auditors to do’. Our definition recognises that it is the difference between what the public thinks and what the public wants that drives public policy on audit. As a result, the public interest response – if it is to succeed – needs to adopt a holistic approach that
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