Unveiling Talent Challenges in the Audit Profession: Insights from ACCA and CA ANZ Report
A recent joint report by ACCA (the Association of Chartered Certified Accountants) and Chartered Accountants Australia and New Zealand (CA ANZ) sheds light on critical talent challenges faced by the audit profession, urging immediate action for sustained growth.
The survey, encompassing insights from over 6,500 finance professionals globally, unveils persistent hurdles hindering talent acquisition and retention within the auditing sector.. Notably, the report underscores a growing demand for flexible work arrangements and fair compensation, reflecting concerns over work-life balance.
Antonis Diolas underscores the importance of a unified purpose for talent retention, while Amir Ghandar advocates for empathetic workplace cultures.
Key findings highlight strong Gen Y/Millennial participation, showing keen interest in sustainability reporting and assurance. This presents a unique opportunity for audit firms to leverage purpose-driven work to attract and retain talent effectively. The report pinpoints five critical areas to tackle the talent crisis: work-life balance, fair remuneration, sustainability reporting, and technology adoption..
The report suggests early exposure to advanced technologies for new entrants, emphasizing the appeal of cutting-edge training opportunities. It emphasizes audits’ crucial role in financial reliability, transparency, and accountability, highlighting effective communication for talent attraction and retention
The report calls for strategic industry shifts to address talent challenges and promote sustained growth. With the audit profession at a pivotal juncture, proactive measures are crucial to redefine its trajectory for a prosperous future.
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For media inquiries, please contact ACCA News Room at newsroom@accaglobal.com or visit accaglobal.com. Learn more about Chartered Accountants Australia and New Zealand at charteredaccountantsanz.com.