Tuesday, February 05, 2008

Demand For Accountants On The Rise

Conventional wisdom said demand for accountants and auditors would have tapered off by now.
Well, conventional wisdom was wrong.

Staffing agencies such as Robert Half International, which specializes in pairing employers with accountants, say demand for talented, skilled professionals in the Tampa Bay area and around the country continues to rise, and salaries are growing.

The Wall Street Journal reports the Big Four accounting firms - PricewaterhouseCoopers, Deloitte & Touche, Ernst & Young and KPMG - will hire as many or more interns in 2008 as they did in 2007, bucking the downsizing trend at other major employers.

Meanwhile, enrollment in the University of South Florida accounting program grows each year. And the industry is evolving rapidly, attracting new interest as it branches into such fields as information technology and forensics.

It wasn't supposed to be this way.

Demand For Accountants On The Rise

Labels: accountancy employment trend, Big Four

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Wednesday, January 23, 2008

Accounting Firms Scramble To Find Experienced CPAs

Public-accounting firms are ramping up efforts to hire and retain senior-level talent as new auditing and accounting rules continue to fuel clients' need for their services. As demand grows, poaching among firms has intensified, and pay and perks are on the rise.

"People keep one-upping each other, going to experienced people with bigger salaries and other perks," says Lorraine Hack, executive director of the financial officer practice at Russell Reynolds Inc., a New York executive-recruiting firm. "Companies are bending over backwards not just to hire new people but to try and keep the ones they have, offering them flextime schedules and other benefits."

"We beg, we borrow, we steal, we grovel, we scour the world" to find accountants with five-plus years of experience in public accounting, says Mark Friedman, New York-based managing director and head of U.S. experienced recruitment at PricewaterhouseCoopers. Hiring across the board at the firm is running nearly 30% above the levels of last year, he says.

Accounting Firms Scramble To Find Experienced CPAs

Labels: auditors, Big Four

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Tuesday, May 08, 2007

Accountants face day of reckoning on fees

The audit fee bonanza enjoyed by the Big Four accountants over the past four years has continued into the current annual reporting season but there are signs the boom may be dramatically slowing.

The Evening Standard can reveal that amid top-level calls for the major accountancy firms to reveal the profits they are making from auditing, the 10 most lucrative listed company audit contracts in the UK yielded a record £196m in fees last year, nearly 9% higher than in the previous year.

Accountants face day of reckoning on fees

Labels: audit, Big Four, fees

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