Improving the quality of accounting and auditing training to meet integration requirements

The process of integrating with the popularity of digital technology has changed the way of financial accounting practices, as well as posed certain requirements on the capacity of the account and audit team. However, in fact, every year, Vietnam has tens of thousands of students graduating from colleges and universities that are major in accounting and auditing but they can not immediately meet the requirements of businesses, they even have to be retrained. Therefore, improving the quality of training is an urgent requirement for the accounting and auditing field nowadays.
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Improving the quality of accounting and auditing training to meet integration requirementsTaäp 07/2021 CAÙC VAÁN ÑEÀ KINH TEÁ Improving the quality of accounting and auditing training to meet integration requirements Nguyễn Thị Thu Hằng - CQ56/21.05CLC; Lê Minh Hòa - CQ56/21.01CLCT he process of integrating with the popularity of digital technology has changed the way of financial accounting practices, as well as posed certain requirements on the capacity of the account and audit team. However, in fact, every year, Vietnam hastens of thousands of students graduating from colleges and universities that are major inaccounting and auditing but they can not immediately meet the requirements ofbusinesses, they even have to be retrained. Therefore, improving the quality of training isan urgent requirement for the accounting and auditing field nowadays. Challenges to human resources training of accounting and auditing field According to the Report on Assessment of Standards and Rules Compliance(ROSC) - the accounting and auditing field of the World Bank, every year, Vietnam hasfrom 50,000 to 60,000 students graduating from college and university that are major inaccounting and auditing to participate in the labor market. However, in reality, this forcehas not met the higher requirements and standards of the labor market. VACPAs survey results for the graduated students of great universities majoringin accounting and auditing field show that: up to 2/3 of the graduated students have tobe retrained and reinstructed. Nearly 100% of the students surveyed find themselvesunable to immediately meet the requirements of foreign enterprises in Vietnam. Thecause of this situation is mainly due to students language skills weakness. At the Workshop Vietnamese Accounting - Future and Prospects held recently bythe Vietnam Association of Accountants and Auditors, Assoc.Prof.PhD. Mai Ngoc Anh -Head of Accounting Department, Academy of Finance - also pointed out some limitationsthat make Vietnamese accounting and auditing force unable to meet the requirements ofemployers. That is: the knowledge and mindset of accountants and auditors are mainlyprofessional and compliant; the initiative, creativity and independence in speciality are stilllimited; working style is not professional; many accountants and auditors are not ready toparticipate in the labor market of the region and the world. Experts say that the main cause of the above situation comes from theinadequacies in the accounting and auditing training at universities and colleges.According to PhD. Pham Thi Tuyet Minh - Banking Academy, the coordinationbetween enterprises and accounting-auditing institutions is lax, even formal; practicetime for students is short, leading to passivity in acquiring knowledge and experience. Sinh viªn 54CAÙC VAÁN ÑEÀ KINH TEÁ Taäp 07/2021 Some limitations in accounting and auditing training in Vietnam Firstly, the accounting training program of the current training institutions isoutdated, inclined to academic theory, the system of specialized subjects is not consistentwith the system of international standards and practices. Although the system of textbooksand documents for study and research has been designed according to the guidanceCirculars of the Ministry of Finance and initially approached the System of InternationalAccounting and Auditing Standards, just on general principles. The training program isslow to innovate, lack of updating, the theory has not been linked to the reality, whichlimits the ability to reason and develop knowledge of Accounting students. Secondly, although training institutions have paid more attention to the qualityand quantity of lecturers, a large number of them still reveal monotony and dryness inteaching. Most of the lecturers taking on teaching accounting and auditing modules arequite young, lack of practical experience. Thirdly, basically the teaching method follows the traditional method thatteachers read and students write. Teaching hours for specialized subjects are mainlytheoretical, students still acquire knowledge passively; lessons content is lack ofpractical updates and has low applicability. Fourthly, the use of facilities for teaching is not diversified, therefore, it is notpossible to provide all the information needed to learners, the amount of time teachers spendat schools is too busy, which make time limited for scientific research and actual research. Fifthly, learners are lack of initiative and creativity in learning and research, lackof scientific mindset. The students career and entrepreneuri ...