Financial Auditor Profession’s Attractiveness for Y Generation Millennials

Abstract

Today's students are part of Generation Y (Millennials) and have certain specific characteristics that employers cannot ignore when they enlarge their staff. The profile and expectations of this generation differ greatly from those of previous generations. In this regard, the research aims to question the undergraduate and master students that attend or have attended economic background Universities in Romania, in order to highlight the understanding and attractiveness of the profession of financial auditor for these generations. The results of the study reveal a good knowledge of the responsibilities of the auditors and the existence of an attraction for this profession among Millennials.Given the rather demanding degree of the profession, and the desire of the Y generation to have a balance between personal lives and service the study shows which aspects should focus the employers, to ensure the sustainability of the activity from a human capital point of view.

Predicting the Intention to Pursue Certified Professional Accountancy Qualification Among the Accounting Students

“…It offers no support to accept the H3. Our study result deviates from the findings suggested by Tiron-Tudor et al (2019) that job insecurity and instability may not influence the intention to pursue accounting qualifications among the young Millennials.…”

“…The study outcome accords with the results suggested by Schoenfeld et al (2017) that perception of higher personal capabilities nurtures the inclination to engage in account qualification. Personal capacity and aptitude facilitate learning and promote the positive predispositions to engage in higher education or professional qualification ( Tiron-Tudor et al, 2019 ).…”

“…A sufficient number of professional accountants in the country is a must to manage the record of the business activities in a country ( Ghani and Muhammad, 2019 ). However, many developing and developed countries find it challenging to keep a balance between the demand and supply of qualified accountants ( Tiron-Tudor et al, 2019 ). Qualified accountants must have the appropriate accounting knowledge and strong technical and non-technical skills to work in a highly competitive and complex work environment ( Wen et al, 2021 ).…”

“…The working of the business organization is becoming complex due to technology initiatives, growing composite business requirements from state agencies, a highly competitive business environment, and complex business operations ( Rebele and Pierre, 2019 ). The demand and work routines of the accountants make the profession less attractive for the young generation “Y” and Millennials ( Tiron-Tudor et al, 2019 ). The profile and prospects of youth vastly differ from the preceding generations in terms of workplace expectations and reward systems based on work-life ( De Villers, 2020 ).…”

“…The ferocious and ever-changing competitive business landscape cannot attract highly talented youth to the business management profession ( Gonzalez, 2021 ). It does not mean that the Millennials are not talented or attracted to challenging career options like professional accounting ( Tiron-Tudor et al, 2019 ). The selection of career choices is based on the one perception of personal capacities required for the profession ( Porter and Wolley, 2014 ).…”