Are you sentient that the employment of accountants is fast growing? According to www.bls.gov, “employment of accountants and auditors is predicted to grow by 18 percent between the year 2006 and 2016, which is faster than the average for all occupations. This occupation will have a very huge number of new jobs take place. An increase in the number of businesses nowadays, changing financial regulations, and corporate governance regulations, and improved accountability for protecting an organization’s stakeholders will drive growth.” Right after taking a peek at today’s economy, the prior statement may not hold much truth, but it is unquestionably precise in that the accounting profession will keep on growing, particularly in auditing.
There is another statement made by the same website, must be on hand when discussing career opportunities of auditors. “An amplified need for accountants and auditors also will crop up from changes in legislation related to taxes, financial reporting standards, and investments in business, mergers, and other financial events. In the end, as a result of accounting scenarios at quite a few large corporations, Congress passed the Sarbanes-Oxley Act of 2002 in the endeavor to control corporate accounting fraud. This legislation requires public companies to keep up well-functioning internal controls to make sure the accuracy and reliability of their financial reporting. In addition, it also holds the company’s chief executive personally in charge for falsely reporting financial information.”
The development of the accounting industry as a whole is something that cannot be ignored. When it comes to considering the amount of fraud that has occurred for over the years, it is impossible not to project a huge need for more auditors over the next decade. Let me give you an example regarding a certain scheme, it will entail hours upon hours, days upon days, and months upon months to loosen the harm he and as well as his investment firm has done. There will be innumerable number of external auditors working with the internal auditors from his failed investment firm to figure out what precisely happened, and to try to recover money from the fooled investors. This sort of fraud is the most dangerous to investors due to its nature.
