Question: The expectation gap is the difference between what the general public believes the auditor s responsibilities and function to be and the auditor s actual

The expectation gap is the difference between what the general public believes the auditors responsibilities and function to be and the auditors actual responsibilities. Which TWO of the following beliefs are examples of the expectations gap? 1. Auditors test all transactions and balances. 2. An audit gives reasonable assurance that the financial statements are free from material misstatement. 3. Auditors are responsible for the detection of fraud. 4. A modified audit report does not mean that the financial statements are unreliable. 1 and 22 and 31 and 31 and 4

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