The Expectation Gap: the Next Step |
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| Authors: | Peter Schelluch Wendy Green |
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| Institution: | Senior lecturer in the Department of Accounting and Finance, Monash University, Clayton.;Lecturer in the School of Accounting, University of New South Wales. |
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| Abstract: | The financial reporting and auditing phenomenon known as the "expectation gap" has been the subject of extensive inquiries and research. In Australia, the professional accounting bodies undertook an analysis of this work and in 1994 produced a comprehensive report including recommendations for "bridging the expectation gap". Following public discussion of this study, the professional bodies commissioned a taskforce to make a further report on the recommendations. That report, completed early in 1996, appears to have failed to meet its objective. |
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