The Education Impact on “Expectations Gap” in Auditing and Other Assurance in Specific Industries

The education impact on “expectations gap” in the context of the whole range of engagements, performed by certified auditors (practitioner), have been analyzed. Components of expectations gap in auditing and assurance, which are influenced by education of auditors and intended users have been presented. The role of education as the way of decreasing the “gap in the formation of expectations” and “gap in communication”, “gap in service” and “gap in knowledge” has been considered. The requirements for theoretical knowledge established by International standards and national legislation have been analyzed. The necessity to expand the subject area and scope of education of auditors and intended users, taking into account the demand for different types of engagements in the technical specific industries has been substantiated.