What is meant by the expression ‘expectation gap’?
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
CThe gap between the auditors’ own perception of their duties and how they are set out in the Companies Act
DThe gap between the public perception of the role of company auditors and their statutory role and responsibilities
Correct answer
D. The gap between the public perception of the role of company auditors and their statutory role and responsibilities
Explanation
The gap between the public perception of the role of company auditors and their statutory role and responsibilities is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.