AFRC issues its first Report on the Analysis of the PIE Audit Market in Hong Kong

Mar 27, 2024

According to our survey results, the total number of individuals working in PIE audits was 8,960 as at 30 June 2023, with associates and senior associates comprising 62.4% of the total. Further, the industry has been experiencing high staff vacancy and attrition rates, particularly at junior grades. As at 30 June 2023, the vacancy rate for associates and senior associates was highest in Category C PIE auditors at 25.5% and 24.2% respectively, followed by Category B PIE auditors at 16.1% and 16.9% respectively, and 5.8% and 4.5% respectively for Category A PIE auditors.2 The average attrition rate for associates and senior associates in different categories of local PIE auditors ranged from 33.2% to 36.2% and 22.1% to 39.0% respectively in the year ended 30 June 2023.

For the Press Release, please click PRESS RELEASE

For the Report, please click REPORT