Full Text Available
Note: Clicking the button above will open the full text document at the original institutional repository in a new window.
Accounting practitioners' perspectives of professional skills and audit capabilities of first year trainee accountants
Dissertation (MCom)--University of Pretoria, 2016.
Saved in:
| Other Authors: | |
|---|---|
| Format: | Thesis |
| Language: | English |
| Published: |
University of Pretoria
2017
|
| Subjects: | |
| Tags: |
No Tags, Be the first to tag this record!
|
| _version_ | 1867613623223844864 |
|---|---|
| access_status_str | Open Access |
| author2 | De Jager, Herman |
| author_browse | De Jager, Herman |
| author_facet | De Jager, Herman |
| collection | Thesis |
| dc_rights_str_mv | © 2017 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (MCom)--University of Pretoria, 2016. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/60500 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:39:05.410Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2017 |
| publishDateRange | 2017 |
| publishDateSort | 2017 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/60500 Accounting practitioners' perspectives of professional skills and audit capabilities of first year trainee accountants De Jager, Herman rolien.kunz@up.ac.za Kunz, Rolien UCTD Accounting education Expectation-performance gap Professional skills development Audit training Graduate employability Audit capabilities Trainee accountants Economic and management sciences theses SDG-04 Economic and management sciences theses SDG-08 Dissertation (MCom)--University of Pretoria, 2016. Accounting education at higher education institutions is influenced by various role players, each with their own expectations. Educators involved in accounting education are therefore required to balance the demands of higher education with those of the professional body that will accredit their students, while still delivering market-ready graduates fully equipped with the competencies employers expect, namely professional skills, technical knowledge and attributes such as values, ethics and professional attitudes. The importance of professional skills and technical knowledge to the accounting profession, as well as the degree of exposure graduates are expected to have received at university level, is known, but the specific levels of capability and competence expected of graduates have not yet been quantitatively determined. As a result of this unknown level of capability that the accounting profession expects of its newly employed graduates, the size of the expectation-performance gap has also remained largely unknown. Although earlier research has indicated that graduates' actual capabilities with regard to professional skills and technical knowledge did not meet the expectations of accounting practitioners at the beginning of their traineeships, the extent of the expectation-performance gap worldwide, and in South Africa, has not yet been quantitatively determined. The objective of this dissertation, in a research paper format, are to determine the expectation-performance gap firstly, by quantifying the levels of professional skills and technical auditing and assurance knowledge capability audit managers expect of newly employed first year trainee accountants, and secondly by determining whether the professional skills and technical auditing and assurance knowledge actually displayed by the newly employed first year trainee accountants meet the expectations of the audit managers. First year trainee accountants in the first three months of their training contracts will be referred to as newly employed first year trainee accountants for the remainder of the dissertation. The findings indicate that audit managers expect newly employed first year trainee accountants to be capable of demonstrating seven of the 22 individual professional skills, with minimal or without supervision, whilst their expectations regarding these newly employed first year trainee accountants' performance of technical audit and assurance tasks in the first three months of their training contracts are lower. Audit managers do not expect newly employed first year trainee accountants to be capable of performing any of the 12 identified technical audit and assurance tasks without or even with only limited supervision. The findings further show clearly that audit managers' expectations are not being met, as there were material expectation-performance gaps for all of the 22 individual professional skills being investigated, as well as for all 12 researched audit and assurance tasks. The sizes of the expectation-performance gaps for the professional skills being investigated varied between 37.9% (for newly employed first year trainee accountants' abilities to take responsibility for their own development) and 9.4% (for newly employed first year trainee accountants' abilities to display honesty and integrity). The audit and assurance task with the largest difference was the task requiring newly employed first year trainee accountants to consider and document the need to use computer assisted audit techniques to gather audit evidence (performance was 28.9% less than audit managers' expectations), and the technical task showing the smallest expectationperformance gap was that where newly employed first year trainee accountants were required to determine sample sizes and methods of selection to obtain sufficient testing for the performance of tests of controls or the design and implementation of controls (performance was 14.6% less than audit managers' expectations). cb2026 Auditing MCom Unrestricted SDG-04: Quality education SDG-08: Decent work and economic growth 2017-05-18T08:34:52Z 2017-05-18T08:34:52Z 2017-05-04 2016 Dissertation Kunz, R 2016, Accounting practitioners' perspectives of professional skills and audit capabilities of first year trainee accountants, MCom Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/60500> A2017 http://hdl.handle.net/2263/60500 en © 2017 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD Accounting education Expectation-performance gap Professional skills development Audit training Graduate employability Audit capabilities Trainee accountants Economic and management sciences theses SDG-04 Economic and management sciences theses SDG-08 Accounting practitioners' perspectives of professional skills and audit capabilities of first year trainee accountants |
| title | Accounting practitioners' perspectives of professional skills and audit capabilities of first year trainee accountants |
| title_full | Accounting practitioners' perspectives of professional skills and audit capabilities of first year trainee accountants |
| title_fullStr | Accounting practitioners' perspectives of professional skills and audit capabilities of first year trainee accountants |
| title_full_unstemmed | Accounting practitioners' perspectives of professional skills and audit capabilities of first year trainee accountants |
| title_short | Accounting practitioners' perspectives of professional skills and audit capabilities of first year trainee accountants |
| title_sort | accounting practitioners perspectives of professional skills and audit capabilities of first year trainee accountants |
| topic | UCTD Accounting education Expectation-performance gap Professional skills development Audit training Graduate employability Audit capabilities Trainee accountants Economic and management sciences theses SDG-04 Economic and management sciences theses SDG-08 |
| url | http://hdl.handle.net/2263/60500 |