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What is meant by the expression ‘expectation gap’?
Auditingmedium
AThe gap between how the directors of a company perform their duties and how the shareholders expect them to perform
BThe gap between how the directors of a company perform their duties and how the general public expects them to perform
The gap between the public perception of the role of company auditors and their statutory role and responsibilities
DThe gap between the auditors’ own perception of their duties and how they are set out in the Companies Act
Correct Answer: C. The gap between the public perception of the role of company auditors and their statutory role and responsibilities
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