Deloitte to hire 6000 new UK auditors and assurance professionals over next five years

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Credit: Deloitte

Deloitte has announced it is set to hire more than 6,000 new people into the firm’s UK Audit & Assurance practice over the next five years.

This is at least 1,200 new auditors and assurance professionals every year between now and 2027.

The firm says it is looking to recruit from a range of entry-level and experienced backgrounds. This includes 885 audit and assurance graduates and school leavers (known as BrightStart Apprentices) in 2022 alone – more than a 30 per cent increase on the prior year.

More than half of these (57%) will be based outside of London across the UK’s nations and regions and they will all work and be trained in a range of areas critical to audit including climate, data, cyber, emerging technologies and analytics.

This year the firm has also opened over 750 vacancies across various qualified levels (including those chartered accountant ACA, ACCA, CA, ICAS or equivalent qualified) across the UK.

Katie Houldsworth, UK People & Purpose Leader in Deloitte’s Audit & Assurance business, said: “The future of audit comes down to the people in our profession. As the expectations on modern businesses and corporate reporting continue to evolve – including into vital non-financial areas like climate – so too must our auditors.

“We have never seen such a high demand for our audit and assurance services. We’re not looking just for ‘traditional’ accountants – building cyber and sustainability skills within our business are key to the future of audit – so we continue to evolve our hiring processes to ensure we attract the best range of talent from all backgrounds.”

Over half of the 6,000 people are expected to be recruited from outside of London. In addition to these hires, Deloitte UK will invest more than £125m in the firm’s audit product and quality improvements, as well as on learning and development for the audit and assurance teams.

Paul Stephenson, UK Managing Partner for Audit & Assurance at Deloitte, said: “While there has been a great deal of scrutiny around the profession in recent years, it’s also highlighted the importance of what auditors do and the important role we play in the capital markets. I really do believe that being an auditor represents an opportunity to see deeply into businesses like few other professions. Our work enhances trust in the companies we audit, helping the capital markets function with greater confidence.

“Deloitte is committed to offering world class training and development, which we hope provides a rewarding career, and means we can attract auditors and business leaders of the future. Alongside a range of initiatives – including announcing our people can choose when, where and how they work – we’re confident we can continue to attract the brightest and the best to our teams.”

Stephen Griggs, UK managing partner at Deloitte added: “As part of our ongoing support for wider audit and corporate governance reform – we have made, and continue to make, significant changes to our firm. This includes launching our independent audit governance board, ring fencing our audit business three years before the deadline for operational separation, and investing significantly in the development of our audit processes and technology. Audit remains a fundamental part of Deloitte’s brand and today’s announcement demonstrates the firm’s commitment to our newly ring-fenced audit business both today, and in the future.”

More information on the firm’s audit & assurance roles can be found here and applications can be submitted here. All the roles will be open to flexible working and Deloitte also welcomes applications from employees interested in working part-time.

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