Please ensure Javascript is enabled for purposes of website accessibility
September 27, 2023

What’s the incentive to be an audit partner?

Check out this recent speech that a veteran auditor/forensic accountant made before the PCAOB's Standing Advisory Group:

http://www.stoneturn.com/388B5E/assets/files/Documents/SAG_Platt.doc.pdf

He wonders out loud whether the risks and rewards of being an audit partner have tilted so far to the risk side that the position is no longer desirable enough to attract top talent. He suggests that this is increasing the flight of highly talented managers and senior managers from the industry. He calls for better compensation, more prestige, and less risk to improve the talent level in public accounting.

I know some of you will say this guy is stating the obvious. But I'd like to hear what people think of the idea that the most senior positions in a firm are no longer attractive enough to keep the underlings striving.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

cryptocurrency consulting accounting job

Should Cryptocurrency Consulting Be the Next Phase in Your Accounting Career?

Think the hype over cryptocurrency has reached its fever pitch? Think again—the crypto craze has only just begun. Businesses are increasingly viewing cryptocurrency as a viable investment. New tokens are gaining steam, and Bitcoin, the OG crypto cash, continues to trade at a frenzied pace. More than 200,000 Bitcoin transactions occur every day, and investors like […]

Mastering Data Analytics Can Make You a More Valuable Accountant

What can you do to make yourself more valuable to your organization? If you’re an accountant or if you work on a corporate finance team, becoming a master in data analysis is a big step forward. But why? And what does data analytics have to do with accounting? Accountants use data analytics to help businesses […]