Expatriate accountants in Maltese audit firms : an analysis

Abstract

Purpose: This study seeks to gather information on the population of foreign accountants employed in local Big-Four firms. Furthermore, it aims to assess qualitative aspects of their participation both from the employers’ perspective and from the expatriate CPAs’ point of view. Design: In order to meet the objectives of this dissertation a questionnaire was distributed to expatriate accountants employed with local Big-Four audit firms. A further sub-sample of such individuals accepted to be interviewed on an individual level. In addition, four interviews were held with senior HR members of the Big-Four firms. Findings: At the time of this study, the population of foreign CPAs was 126, mainly composed of female, non-European individuals. The drivers for the demand of expatriate CPAs were the prevailing shortage of Maltese accountants, together with the value perceived in having a diverse workforce. The most common reasons for seeking employment overseas were to enhance professional experience and better remuneration. Furthermore, various differences were observed between the local and foreign accountancy profession. Conclusion: The employment of expatriate CPAs has become a principal means for alleviating the current shortage of local accountants. Nonetheless, even if such deficiency were not the case, the employment of foreign professionals would still be a valuable opportunity for both Maltese and expatriate CPAs to develop professionally and personally. Value: The availability of information on the foreign population of CPAs employed in Malta, and the various aspects of their participation is significantly limited. This study sheds light on several facets of such individuals’ engagement which is useful both to the local accountancy profession and to audit firms in their role as employers.