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Audit skills gap is coming

03 November 2016

Action needs to be taken now to avoid a potential audit skills gap, says a new report from ICAS and the Financial Reporting Council (FRC).

The report reveals that fewer graduates perceive audit as a career of choice, and that there are already problems in recruitment and developing audit team members. New initiatives are required to recruit, develop and retain a new mix of individuals within global audit teams, say the report authors.

They say that unless action is taken now the audit profession could become increasingly less relevant.

ICAS’s CEO Anton Colella said: “Audit quality relies on quality people. We need to take every opportunity to reposition audit for the next generation by demonstrating the role which audit palsy in society and improve the perception of the vale of a career in audit.”

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