Communication with the public is critical to closing the knowledge gap while a focus on audit quality is key to closing the performance gap
The Association of Chartered Certified Accountants (ACCA) defines the audit expectation gap in three ways: The first describes the gap between what the public, undoubtedly strongly influenced by the media, understands about the work of auditors and what auditors are actually responsible for (knowledge gap)
These duties are related to auditors' responsibilities on uncovering and reporting fraud and other irregularities uncovered during external audits
Furthermore, eight of the duties were observed as causing a reasonableness gap amounting to 19% of the total AEG, which shows that society has unfulfilled expectations
Income inequality among races and ethnicities in the United States
Despite the efforts of equality proponents
Income inequality persists among races and ethnicities.Asian Americans have the highest median income
Followed by \nWhite Americans
And Native Americans.A variety of explanations for these differences have been proposed—such as :
Differing access to education
Two parent home family structure
High school dropout rates and experience of discrimination and deep-seated and systemic anti-Black racism—and the topic is highly controversial.
