These are excellent opportunities for anyone interested to pursue an auditing or accounting career. According to Bureau of Labor Statistics’ Occupational Prospect Handbook 2008-09 edition (Board of Labor Statistics), the profession of accounting is expected to see strong job growth between 2006 and 2016. The expected growth in accounting jobs between 2006-2016 is 18%. This growth is much faster than that of all other occupations. Over the next ten-years, almost 226,000 accounting jobs will be created. Both auditing and accounting jobs will see strong growth due to economic expansion, financial law modifications and tighter corporate governance. Accounting professionals will be able to take advantage of changes in financial reporting standards and business investments. The potential growth of accounting careers will lead to increased accountability in government agencies. According to the web site Handbook, people who have a master’s or higher in accounting will be more likely to obtain licensure and certification.
What are the roles that accountants and auditors play? It is not easy to define the roles of auditors and accountants. In general, accountants and auditors prepare, analyze and verify financial data for clients. Clients may be non-profit organizations, governments, and corporations. However, it is possible for the job description of auditors or accountants to vary depending on the job.
What opportunities are there in the accounting field? There are four main areas in accounting and auditing: public, management, government accounting, and internal auditing.
Public accounting jobs. Public accountants provide a variety of services including auditing, tax, and accounting. Public accounting can be an exciting career. This will include tax planning and return preparation. Auditors externally are responsible to examine financial statements to make sure they are properly prepared. Public accountants are sometimes called Certified Public Accountant (CPA), a title many public accountants hold. They can work as independent contractors or in public accounting firms.
Management accounting jobs. Management accountants are responsible for analyzing and preparing financial data for companies. Management accounting can lead you to a managerial career. This role will involve managing budgets, expenses, analyzing financial information, preparing reports, managing company assets and maintaining them.