Accounting is a field that abounds in opportunities today. In a survey at the height of recession in mid-2008 among 500 finance and accounting professionals, two-thirds believed that they had the same, if not better, job opportunities that they ddi the previous year. There is more statistical evidence supporting this view. The Bureau of Labor Statistics projects that demand for accounting and auditing jobs will grow by 18% by the year 2016, making it one of the best growing occupations today.
The reasons for this growth in demand for accounting and auditing professionals are:
- The Sarbanes-Oxley Act (SOX) passed in 2002 by the US Federal Government in the wake of a slew of high-profile corporate scandals, requires that public companies strengthen their internal financial controls and ensure accuracy in their reporting.
- Increasing globalization of companies in recent years requiring to comply with International Financial Reporting Standards.
- An ageing baby boomer population which will leave many which will leave many vacancies as retirements continue to increase.
For those with a flair for numbers, this is the right time to get into this attractive domain.
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