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Anyone for an audit career?

The auditing sector (in Holland) could lose over half of its trainees within two years.

September 2018

The auditing sector (in Holland)
could lose over half of its trainees
within two years, according to a
new study from Nyenrode Business
Universiteit.
Auditing firms’ focus
on maximising profits
puts high levels of
pressure on
overstretched trainees,
compromising the
quality of audit work.
And instead of introducing
superficial fixes like health-themed
weeks and sports facilities, the
firms need to tackle the heavy
workloads, high pressure and lack
of professional development.
If the firms don’t take these
issues seriously then PQs will
leave the profession in droves,
says the study.
Assistant professor Marlies de
Vries (pictured) said: “During
the busy season young
professionals spend an average
of 60 hours a week working and
studying. This is because of
capacity shortage, unrealistic
schedules and high client
expectations. Auditing organisations
also reward young professionals
who embrace heavy workloads,
which has caused this to become
part of the culture as well.”
She claimed that work pressure
has been a neglected topic in the
industry, with lip service being paid
to tackling the issues that PQs are
facing.
De Vries told PQ magazine that
given the international structure of
Dutch firms she wouldn’t be
surprised if a UK study didn’t
mirror her findings.

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