This document discusses the concept of audit expectation gap, which refers to the difference between auditors' responsibilities and stakeholders' perception. It explores the impact of misperceptions and provides strategies to reduce the gap. The document also covers the ethical, legal, and other factors to consider when accepting an auditing appointment. Additionally, it discusses the importance of sufficient and appropriate audit evidence in evaluating investments in listed securities and stock quantities. Finally, it examines the overall impact of declining sales and increased costs on audit risk in the case of Spot Light Ltd.