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Students' Perceptions of Work-Based Training and Examination-Based Learning Relating to the Professional Competence of Auditors and the Impact of Regulatory Changes on Audit Training in the UK

Students' Perceptions of Work-Based Training and Examination-Based Learning Relating to the... The purpose of this paper is to investigate students' perceptions of work-based training and examination-based learning as it relates to the professional competence of auditors. The paper takes as its motivation the fall in the number of accountants registering as qualified auditors in the UK following fundamental changes in the audit environment. Legislation aimed at reducing red tape has resulted in a large number of UK companies taking advantage of an audit exemption, and most of these are clients of small audit firms. This legislative change has had significant pedagogic implications on the experiential learning of audit trainees and the availability of training opportunities for them. The contribution of the paper is to explain the perceived relevance and importance of training opportunities to trainees seeking to obtain audit qualifications. Using data from an on-line questionnaire and focus groups, the study reports that trainees in smaller firms lack opportunities to obtain sufficient audit experience, and there is a lack of synchronization between limited practical experience and classroom tuition provided before taking auditing examinations. The implications are that effective audit training will become restricted to large audit firms the trainees in which often choose different career paths to auditing, thereby limiting the number of qualified auditors in the UK in the future. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Accounting Education Taylor & Francis

Students' Perceptions of Work-Based Training and Examination-Based Learning Relating to the Professional Competence of Auditors and the Impact of Regulatory Changes on Audit Training in the UK

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References (20)

Publisher
Taylor & Francis
Copyright
Copyright Taylor & Francis Group, LLC
ISSN
1468-4489
eISSN
0963-9284
DOI
10.1080/09639284.2011.557488
Publisher site
See Article on Publisher Site

Abstract

The purpose of this paper is to investigate students' perceptions of work-based training and examination-based learning as it relates to the professional competence of auditors. The paper takes as its motivation the fall in the number of accountants registering as qualified auditors in the UK following fundamental changes in the audit environment. Legislation aimed at reducing red tape has resulted in a large number of UK companies taking advantage of an audit exemption, and most of these are clients of small audit firms. This legislative change has had significant pedagogic implications on the experiential learning of audit trainees and the availability of training opportunities for them. The contribution of the paper is to explain the perceived relevance and importance of training opportunities to trainees seeking to obtain audit qualifications. Using data from an on-line questionnaire and focus groups, the study reports that trainees in smaller firms lack opportunities to obtain sufficient audit experience, and there is a lack of synchronization between limited practical experience and classroom tuition provided before taking auditing examinations. The implications are that effective audit training will become restricted to large audit firms the trainees in which often choose different career paths to auditing, thereby limiting the number of qualified auditors in the UK in the future.

Journal

Accounting EducationTaylor & Francis

Published: Apr 1, 2011

Keywords: Audit training; work-based training; examination-based learning; firm size

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