Audit education role in decreasing the expectation gap

Abstract

The need for change in the accounting and audit profession is a topic discussed and accepted by both regulators and accounting professionals. The authors aimed to investigate whether audit education has an effect on the existence of the audit expectation gap. To achieve this objective, they administered a survey on students, used as proxies for different categories of stakeholders. The results highlight that audit education is impactful in covering the audit reasonableness gap, thus more action in this direction is necessary.