• Register
Return to: Home > News > CPA Ireland: shortage of qualified accountants in Ireland

CPA Ireland: shortage of qualified accountants in Ireland

A 30% drop in the number of people entering the accountancy profession in the Republic of Ireland since the start of the recession is leading to a shortage of qualified accountants, according to Institute of Certified Public Accountants in Ireland (CPA) president Cormac Mohan.

Addressing the CPA Annual Conference, Mohan said the Institute believes that failings in Ireland’s education system are contributing to the problem.

“There has been no innovation in the teaching of accountancy at second level for decades. The learning experience needs enriching through project work and cloud based learning and assessment resources. It is unacceptable that the technology and systems used in modern accountancy practise is not reflected in the syllabus; instead students are taught about the value of spreadsheets - a technology which was introduced in the late 1980s.

“The key standards to which we operate are reviewed regularly. The current standard, FRS102, was implemented in 2015, yet Leaving Certificate students are examined on the previous standard SSAP2 which was retired in 2001. There is no doubt that the syllabus is now not relevant and out of date and students who wish to pursue accountancy careers are ill-equipped and let down by this failing.

“The current programme is clearly not fit-for-purpose. Its review should be an urgent priority for the Minister and the Department of Education and should be structured to allow more regular changes in future.”

In Northern Ireland, an increase in demand for high quality accountants has led to rising wages for members of the profession.

In a Salary Survey Report from Abacus Professional Recruitment found that two-thirds of people working in the accountancy sector had received a pay rise in 2017. Of the 200 accountancy professionals surveyed, salary expectations were high with over three-quarters of respondents expecting a basic pay increase in the year.

Abacus Professional Recruitment director Justin Rush commented: “Demand is peaking for professionals across the accountancy sector and the benefits they are receiving have risen in tandem.

“There is an increasingly rich diversity of professional job roles in Northern Ireland. These offer not only competitive salaries, but highly rewarding career paths with companies also investing significantly in skills development.”

 

Top Content

    Accountancy Europe: the winner takes it all

    Jonathan Minter spoke to Olivier Boutellis-Taft, chief executive officer at Accountancy Europe, about how technology could change the industry, and how training needs to keep up to enable the profession to develop

    read more

    Embracing global technology trends

    Accountancy Europe’s Digital Day 2018 found the European accounting profession looking to tackle the challenges presented by new technologies head on. Jonathan Minter reports from the day

    read more

    IMA Conference: automation of the audit

    At the annual conference of the Institute of Management Accountants (IMA) in Indianapolis, Deloitte partner Alex Smith gave a presentation on digital transformation in the profession. Joe Pickard spoke to Smith following the presentation to find out more about his views on the future of audit

    read more

    IMA Conference: technology and the human effect

    The annual conference of the Institute of Management Accountants (IMA) took place in Indianapolis this year. Members of the profession gathered to hear the latest from the institute and other market players, covering some of the challenges and opportunities the profession faces.

    read more

    The Caribbean: a digital paradise

    The ICAC hosted its 36th annual conference in June this year – very much looking to the future following a tough 2017 for the Caribbean. Jonathan Minter spoke with chief executive officer Misha Lobban Clarke

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.