You are auditing a state-owned entity. The CFO of the state-owned entity asked you about...
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You are auditing a stateowned entity. The CFO of the stateowned entity asked you about an article in one of the popular business newspapers with the heading: Where were the auditors? He stated that after he read the article, he does not see any use for an auditor. YOU ARE REQUIRED TO: a Explain the auditing expectation gap with reference to the implications thereof. b Identify ways to overcome the auditing expectation gap.
You are auditing a stateowned entity. The CFO of the stateowned entity asked you about an
article in one of the popular business newspapers with the heading: Where were the auditors?
He stated that after he read the article, he does not see any use for an auditor.
YOU ARE REQUIRED TO:
a Explain the auditing expectation gap with reference to the implications thereof.
b Identify ways to overcome the auditing expectation gap.
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