The expectations gap is:a. what financial information management provides and what users want.b. what the public thinks accountants should do and what accountants think they can do.c. what the governmental agencies want from standard-setting and what the standard-settersprovide.d. what the users of financial statements want from the government and what is provided.

Contemporary Auditing
11th Edition
ISBN:9781337650380
Author:KNAPP
Publisher:KNAPP
Chapter7: Professional Issues
Section7.5: Fred Stern & Company, Inc. Stern & Company, Inc.(ultramares Corporation V. Touche Et Al.)
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The expectations gap is:
a. what financial information management provides and what users want.
b. what the public thinks accountants should do and what accountants think they can do.
c. what the governmental agencies want from standard-setting and what the standard-setters
provide.
d. what the users of financial statements want from the government and what is provided.

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