Date posted: 22/06/2021

Attracting and retaining talent in the audit profession

A new CA ANZ publication aims to spark discussion within the profession about how to rise to audit talent challenges and opportunities.

In Brief

  • Society’s need for quality auditors will continue to grow in the years ahead
  • To recruit and retain a sufficient audit workforce, firms face several obstacles
  • Audit firms, CA ANZ and others all have a part to play in supplying and securing enough auditors to meet demand

A new conversation starter from Chartered Accountants Australia and New Zealand (CA ANZ) aims to spark discussion about the workforce challenges and opportunities that audit firms currently face.

It takes an unflinching look at the obstacles for those seeking to recruit and retain a fully resourced audit workforce. Audit leaders from Australia and NZ reflect on the obstacles they face, as well as some of the solutions they are exploring.

Along the way, we explore audit firms’ steep peaks in workload, technology disruption, and regulatory pressures. There’s also discussion about the changing career expectations of young auditors, the skills that audit firms will require in future, and how to achieve workforce diversity.

The publication includes expert insights from audit leaders in large and small firms, as well as the public sector. And there are details of how CA ANZ is working towards systemic solutions to the talent challenges that the audit profession is grappling with.

“We want to spark a profession wide conversation about people in audit – what attracts or repels them, how to keep them or have them come back into the fold, and where they find meaning in their work and a lifelong calling,” says Amir Ghandar FCA, Assurance and Reporting Leader at CA ANZ. “The work auditors do is more important than ever bringing integrity in the information age, and there are enormous opportunities but also challenges ahead for the profession”.

Join the conversation

What do you see as the challenges or opportunities here? What is you firm grappling with or what's working well? Email us or connect with us and other members in the Audit & Assurance group in My CA.

More talent resources

Read a selection of further articles, analysis, checklists, tools, events, courses and links to support members in hiring the right mix of skills and talent for their organisations.

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