Question: Q1). There has always been a discussion in relation to the transparency of the entity and its financial report and key areas of audit risk.

Q1). There has always been a discussion in relation to the transparency of the entity and its financial report and key areas of audit risk.

Discuss both the information gap and the expectation gap in respect to the financial statement audit in light of the aforementioned statement from your understanding (in own words). - 10 Marks

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