Auditors ‘under siege’ and bonuses slashed
It’s not just bankers who are seeing their earnings slashed this year – audit and compliance staff will also receive reduced bonuses, according to research by executive search consultancy GRS.
In a recent GRS survey, 64% of audit and compliance professionals said they expected their bonuses to fall compared to last year. Bonuses were expected to be 38% smaller on average than last year’s.
More than a third of respondents admitted they wouldn’t be receiving any sort of bonus this year, despite getting one last year.
“Auditors are under siege.