Region Focus - Eastern Europe

Region Focus - Eastern EuropeIn the Region Focus series of articles we focus on different regions of the world and provide tips for auditors thinking about working in these areas. If you have a particular region you would like us to investigate, please let us know here.

We have so far covered Russia, Greece, France, the Middle East, the Cayman Islands, Spain and Australia. If you would like to know more about working in these regions, please see the appropriate articles


Region Focus - Eastern Europe

The last five years have seen significant numbers of Eastern European auditors moving to Western Europe, but it seems that many are taking the decision to return. This is due partly to the slowdown in the west, but also to improved salaries and better opportunities for career development in their home markets. Salary levels for Polish auditors are now greater than those of their counterparts in Spain, Portugal, Italy or Greece. Other markets such as Bulgaria and Romania are working hard to repatriate native auditors to lead the finances of businesses that are growing beyond the abilities of those currently in charge.

Many corporations have already established shared service centres in the area, including General Electric and Diageo. Additionally, the region has become a hotspot for industries such as automotive, where reducing labour and material costs is key.

Those returning to their home market are taking with them experience of international working environments. Those standards will now be applied to their new workplaces, which will hopefully benefit from less discrimination, greater transparency and generally become more attractive for those seeking international experience.



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