Benchmarking poll: Skills in small accounting firms

The government last month launched an inquiry into the skills the UK economy needs to build for the future economy. The inquiry, Chair of the Industry and Regulators Committee Baroness Taylor of Bolton said, will assess the UK’s vocational training system, particularly apprenticeships, and “determine if it is fit for purpose to meet the fast-evolving needs of UK industry”.

That speed of evolution will be familiar to anyone who’s been in the accounting profession for more than a couple of years. 

Those who are further into their careers have seen changing responsibilities as client needs and the regulatory environment has shifted considerably. And even those who have not yet seen great changes will know that their processes to perform tasks are different now to what they were five years ago – and they will be different again in five years’ time.

Based on responses to the poll below, we’re benchmarking the future-ready skills and capabilities of the accounting profession in the UK, plans to build skills over the coming years, and the barriers to building those skills now.

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