Expectation gap - Revision history

Doug: Add link.

2024-09-03T16:37:03Z

Add link.

← Older revision		Revision as of 16:37, 3 September 2024
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	* [[Financial statements]]		* [[Financial statements]]
	* [[Gap]]		* [[Gap]]
			* [[Gartner Hype Cycle]]
	* [[Gender pay gap]]		* [[Gender pay gap]]
	* [[Information technology]]		* [[Information technology]]

Doug: Expand definition.

2024-09-03T14:16:55Z

Expand definition.

← Older revision		Revision as of 14:16, 3 September 2024
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	2. ''Professional services - regulation - welfare.''		2. ''Professional services - regulation - welfare - technology.''

	More broadly, any systemic differences between a high expectation of what should - or can be - achieved, and a lower level of delivery in practice.		More broadly, any systemic differences between a high expectation of what should - or can be - achieved, and a lower or slower level of delivery in practice.

	Examples include professional services, regulation and welfare provision.		Examples include professional services, regulation and welfare provision.


			Also known as an ''expectations gap''.


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	* [[Gap]]		* [[Gap]]
	* [[Gender pay gap]]		* [[Gender pay gap]]
			* [[Information technology]]
	* [[Qualified audit report]]		* [[Qualified audit report]]
	* [[Regulation]]		* [[Regulation]]
	* [[Reporting entity]]		* [[Reporting entity]]
	* [[Shareholders]]		* [[Shareholders]]
			* [[Technology]]
	* [[True and fair view]]		* [[True and fair view]]
	* [[Welfare]]		* [[Welfare]]

Doug: Add definition. Source: Linked pages

2024-09-03T14:11:26Z

Add definition. Source: Linked pages

← Older revision		Revision as of 14:11, 3 September 2024
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	''Auditors' reports on financial statements & other matters.''		1. ''Auditors' reports on financial statements & other matters.''

	Auditors form, and report, an audit opinion about financial statements that they audit.		Auditors form, and report, an audit opinion about financial statements that they audit.
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	Similarly incorrect - and excessive - expectations can also arise about other assurance work undertaken by external audit specialists.		Similarly incorrect - and excessive - expectations can also arise about other assurance work undertaken by external audit specialists.


			2. ''Professional services - regulation - welfare.''

			More broadly, any systemic differences between a high expectation of what should - or can be - achieved, and a lower level of delivery in practice.

			Examples include professional services, regulation and welfare provision.


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	* [[Directors report]]		* [[Directors report]]
	* [[Directors' responsibilities statement]]		* [[Directors' responsibilities statement]]
			* [[Ethnicity pay gap]]
			* [[Expectations gap]]
	* [[Financial reporting]]		* [[Financial reporting]]
	* [[Financial statements]]		* [[Financial statements]]
	* [[Gap]]		* [[Gap]]
			* [[Gender pay gap]]
	* [[Qualified audit report]]		* [[Qualified audit report]]
			* [[Regulation]]
	* [[Reporting entity]]		* [[Reporting entity]]
	* [[Shareholders]]		* [[Shareholders]]
	* [[True and fair view]]		* [[True and fair view]]
			* [[Welfare]]


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	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	~~[[Category:The_business_context]]~~
	[[Category:Corporate_finance]]		[[Category:Corporate_finance]]
			[[Category:Financial_products_and_markets]]
			[[Category:Identify_and_assess_risks]]
	[[Category:Investment]]		[[Category:Investment]]
	~~[[Category:Identify_and_assess_risks]]~~
	[[Category:Manage_risks]]		[[Category:Manage_risks]]
	[[Category:~~Financial_products_and_markets~~]]		[[Category:The_business_context]]

imported>Doug Williamson: Simplify last sentence.

2021-11-06T19:15:51Z

Simplify last sentence.

← Older revision		Revision as of 19:15, 6 November 2021
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	Similarly incorrect - and excessive - expectations can also arise ~~in relation to~~ other assurance work undertaken by external audit specialists.		Similarly incorrect - and excessive - expectations can also arise about other assurance work undertaken by external audit specialists.

imported>Doug Williamson: Create page. Sources: Linked pages.

2021-11-06T19:15:04Z

Create page. Sources: Linked pages.

New page

''Auditors' reports on financial statements & other matters.''

Auditors form, and report, an audit opinion about financial statements that they audit.

The auditors do not guarantee - nor certify - the amounts in the financial statements.

The incorrect belief that they do, is sometimes known as the audit "expectation gap".

Similarly incorrect - and excessive - expectations can also arise in relation to other assurance work undertaken by external audit specialists.

== See also ==
* [[Accounts]]
* [[Assurance]]
* [[Audit]]
* [[Audit opinion]]
* [[Audit report]]
*[[Audit trail]]
* [[Auditor]]
* [[Auditors’ report]]
* [[Certificate]]
* [[Company law]]
* [[Directors report]]
* [[Directors' responsibilities statement]]
* [[Financial reporting]]
* [[Financial statements]]
* [[Gap]]
* [[Qualified audit report]]
* [[Reporting entity]]
* [[Shareholders]]
* [[True and fair view]]

==External link==
*[https://www.accaglobal.com/in/en/professional-insights/global-profession/expectation-gap.html Closing the expectation gap in audit - ACCA]

[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Financial_products_and_markets]]