Tuesday, September 21, 2004

Accounting students in high demand

Sarbanes-Oxley federal legislation has introduced new accounting requirements that have increased demand for accountants, and a recovering economy also has driven demand. Students are aware of that demand, and it's drawing more of them into accounting majors, as is the knowledge that accounting can serve as a good base for business in general, Schultz said.

"Sarbanes-Oxley is the accounting full-employment act," said Ron Kucic, director of the school of accounting at DU's Daniels College of Business. And demand for more accounting work isn't just at publicly traded companies, to which Sarbanes-Oxley applies, but also at private companies, which are coming under pressure from lenders, investors and others to meet Sarbanes-Oxley standards.

The number of firms recruiting on the DU campus this year has picked up to eight or nine, from a typical six firms in the past. Accounting firms have "more work than they know what to do with," Kucic said.

Another problem for large accounting firms is their loss of good people to private industry, which tends to pay better and offer more reasonable hours. That means they've got to fill those spots.

Accounting students in high demand

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