Domestic factoring and Expectation gap: Difference between pages

Latest revision as of 19:15, 6 November 2021

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.

@@ Line 1: / Line 1: @@
-Factoring where the buyer is situated in the same country as the seller.
+''Auditors' reports on financial statements & other matters.''
+Auditors form, and report, an audit opinion about financial statements that they audit.
-==See also==
-* [[Factoring]]
-* [[Factors]]
+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.
+== 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]]