Corporate Governance Report – Internal Audit

Barclay Simpson and Vacancysoft

October 2016

In this report we examine the vacancy market for both general and IT audit vacancies. The key findings of the report are:

  • Most audit vacancies come from the financial services industry, but while commercial banking vacancies are shrinking, insurance is growing steadily.
  • Outside of London, vacancies in Manchester have grown sharply, but have decreased in Leeds.
  • Consulting is the fastest growing sector.

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    Different factors are at work across the market. Uncertainty over the referendum result was the likely cause of the decline in general audit vacancies in the first half of 2016, but IT audit vacancies continued to climb through this period, partly driven by activity in the commercial banking sector.

    While general audit vacancies were falling in  financial services, they were growing hugely in consulting; perhaps what we are seeing is a mixed sourcing model from banks that still need audit work, but which wish to reduce their committed spend and headcount.

    Many financial services companies are locating more of their support functions outside of London, and regional growth has been strong since the beginning of our reporting data in Q1 2014, especially in the North West.

    Vacancysoft is the Data Publisher for the Recruitment Industry. We provide recruiters with daily lead lists that help to monitor their clients’ hiring and to identify companies struggling to hire.

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