Question

Let’s go full circle and talk about the Expectation Gap again. Do you think that any otherwise intelligent person who is not involved in accounting or audit can possibly understand what either the public or nonpublic audit report is communicating? Does the technical nature of the audit report help or hinder the financial transparency that has been our profession’s goal since SOX? Please write an articulate, thoughtful response to the question above. This response should be 200-250 words in length. PROVIDE SOURCE AND CITE YOUR ANSWER