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| Accountants and Auditors |
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| Employment Increase: |
32% |
| People In Field: |
1,243,000 |
| Average Salary: |
$31,500 |
| Qualifications: |
Bachelor's Degree |
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Nature of the Work:
Accountants and auditors prepare, analyze, and verify
financial reports and taxes, and monitor information
systems that furnish this information to managers in all business,
industrial, and government organizations. Four major fields
of accounting are public, management, and government
accounting, and internal auditing. Within each field,
accountants often concentrate on one phase of accounting.
Internal auditing is rapidly growing in importance. As computer
systems make information more timely and available, top
management can base its decisions on actual data rather
than personal observation. Internal auditors examine and
evaluate their firms' financial and information systems,
management procedures, and internal controls to ensure that records
are accurate and controls are adequate to protect against
fraud and waste.
Training, Other Qualifications, and Advancement:
Most public accounting and business firms require
applicants for accountant and internal auditor positions to have
at least a bachelor's degree in accounting or a related
field. Those wishing to pursue a bachelor's degree in
accounting should carefully research accounting curricula before
enrolling. Many states will soon require CPA candidates to
complete 150 semester hours of coursework prior to taking
the CPA exam, and many schools have altered their
curricula accordingly. Some employers prefer those with a master's
degree in accounting or a master's degree in business
administration with a concentration in accounting. Most
employers also prefer applicants who are familiar with computers
and their applications in accounting and internal auditing.
Job Outlook:
Employment of accountants and auditors is expected to grow faster than
the average for all occupations through the year 2005. There will be
an estimated 1,243,000 accountants and auditors by 2005. Qualified
accountants and auditors should have good job opportunities. Although
the profession is characterized by a relatively low rate of turnover,
because the occupation is so large many openings also will arise as
accountants and auditors retire, die, or move into other occupations.
CPA's should have the widest range of opportunities, especially as more
states enact the 150-hour rule and it becomes more difficult to become a CPA.
Sources of Additional Information:
Information about different accounting licenses and
the standards for licensure in your state may be obtained
from your state board of accountancy. A list of the addresses
and chief executives of all state boards of accountancy is
available from:
National Association of State Boards of Accountancy
380 Lexington Ave., Suite 200
New York, NY 10168-0002
Information about careers in certified public accounting and
about CPA standards and examinations may be obtained from:
American Institute of Certified Public Accountants
1211 Avenue of the Americas
New York, NY 10036-8775
Information on management and other specialized
fields of accounting and auditing and on the Certified
Management Accountant program is available from:
Institute of Management Accountants
10 Paragon Dr.
Montvale, NJ 07645-1760
National Society of Public Accountants and the Accreditation Council for Accountancy and
Taxation
1010 North Fairfax St.
Alexandria, VA 22314
The Institute of Internal Auditors
249 Maitland Ave.
Altamonte Springs, FL 32701-4201
The EDP Auditors Association
455 Kehoe Blvd., Suite 106
Carol Stream, IL 60188-0180
For information on accredited accounting programs
and educational institutions offering a specialization in
accounting or business management, contact:
American Assembly of Collegiate Schools of Business
605 Old Ballas Rd., Suite 220
St. Louis, MO 63141
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