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Title: The growth of the Maltese accountancy profession-an analysis
Authors: Gauci, Luisa
Keywords: Accountants -- Malta
Business consultants -- Malta
Auditing -- Malta
Issue Date: 2015
Abstract: Purpose: The objective of this study is to analyse the growth of the Maltese accountancy profession in the past, present and future. This includes assessing the demand and the supply of the profession, identifying the areas and industrial sectors of growth and analysing the determinants of such growth and outlining implications on future growth. Design: This objective was achieved by conducting a survey to all MIA members whose contact information was publicly available, out of which 334 valid responses were obtained. A series of 26 semi-structured interviews were then held with accountants working within different sectors of the profession to validate the findings. Findings: From the results, it transpires that there is an imbalance between the demand and the supply of the profession as though the supply is increasing at good rates even when compared to other foreign accountancy bodies, demand is increasing at higher rates mainly due to economic growth, complex legislation and increased regulation. After EU membership, Malta has become more a financial and I-gaming hub where the increase in I-gaming and financial services sector required an increase of accountants to deal with certain complexities. Moreover, the present research also reveals that within a Maltese context, complexities in business and regulation will continue to fuel demand. Conclusion: The study concludes that the key to sustainability of growth in the future is adapting to change. From the study is was emerged that growth will be sustained for the Maltese accountancy profession and even more it will also be experienced in the public sector by the implementation of IPSAS. The profession in the future might be in its ideal scenario keeping a balance between the wider remit of the accountants’ role and the public perception, by promoting further the new concept of the accountant being a trusted business advisor rather than attester. Value: This study hopes to provide an insight on the way forward the profession might go in order to sustain growth in the future both in terms of quantity and quality of the local talent pool. The study puts forward some recommendations in connection with this subject.
Description: M.ACCTY.
Appears in Collections:Dissertations - FacEma - 2015

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