Expectation gap: Difference between revisions

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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 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.
 
 
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 or slower level of delivery in practice.
 
Examples include professional services, regulation and welfare provision.
 
 
Also known as an ''expectations gap''.




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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]]
* [[Gartner Hype Cycle]]
* [[Gender pay gap]]
* [[Information technology]]
* [[Qualified audit report]]
* [[Qualified audit report]]
* [[Regulation]]
* [[Reporting entity]]
* [[Reporting entity]]
* [[Shareholders]]
* [[Shareholders]]
* [[Technology]]
* [[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]]

Latest revision as of 16:37, 3 September 2024

1. 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 about other assurance work undertaken by external audit specialists.


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 or slower level of delivery in practice.

Examples include professional services, regulation and welfare provision.


Also known as an expectations gap.


See also


External link