Morgan Mckinley July 2020 – Trends in Audit

Morgan Mckinley and Vacancysoft

July 2020

Even before COVID-19 entered the fray, Auditors were already facing difficult circumstances which has the potential to reshape the sector as we know it, with significant hiring requirements. This has meant that despite COVID-19 the sector has remained insulated, where in terms of recruitment activity this year, we see the following:

  • Relative to other professional areas, recruiting for Audit positions has remained buoyant during 2020, despite the COVID-19 crisis, albeit with vacancies down by 23% across the country.
  • Recruitment within Audit being less impacted can also be seen by the fact that in 2019, 15% of qualified Accounting roles were for Auditors, whereas in 2020 so far the percentage is 18%.
  • The shift in hiring into regional offices continues, resulting in 56% of all Audit vacancies outside the Capital this year. Such has been the increase in recruiting regionally, that it is estimated that by the end of 2020 there will have been more Audit vacancies regionally than in 2018.

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