The latest audit quality inspection report by the Financial Reporting Council (FRC) suggests that the amount of overtime worked by auditors is a significant barrier to entry to the profession, while a lack of a reasonable work/life balance remains the principal reason why people leave the industry. The FRC found that there were “significant” variations in the definition of excessive overtime between firms, from a few additional hours to almost double the normal working week. The report suggests that many auditors feel “under unreasonable pressure and do not have sufficient time to undertake quality audits.”
Leave a Reply