The demand for talented accounting professionals—especially CPAs—continues to grow. The U.S. Bureau of Labor Statistics shows that employment of accountants and auditors is expected to grow faster than for all the occupations the bureau tracks. It adds that the best prospects are for those “who have a college degree and professional certification, especially a CPA.”
Continued high demand for CPAs bodes well for professionals—career stability, excellent compensation, increased mobility, and continued career growth opportunities. Three factors have combined to sustain this high demand for CPAs:
1. An intense focus on business ethics
The biggest contributor to demand is heightened corporate accountability. Companies must now critically scrutinize their entire accounting process, and corporate leaders — many of whom are not accounting experts — must personally attest to the integrity of their financial statements.
2. Continued movement toward a global economy
The proliferation of multi-national organizations has fueled demand for CPAs — both internationally and domestically. CPAs who can adapt to other cultures and understand global business perspectives and regulations are extremely valuable.
3. Business complexity and advanced technology
New business models, more complex information, and evolving technology mean CPAs with solid IT skills are needed to design, integrate, and implement advanced software systems. They are also needed to serve as consultants to link technology solutions with sound business practices.
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