US accounting firms are
expecting to hire more graduates this year compared with 2010,
according to a report.
Trends in the Supply of
Accounting Graduates and the Demand for Public Accounting
Recruits published by the American Institute of Chartered
Public Accountants (AICPA) found nearly three quarters (71 percent)
of the largest firms anticipate more hiring, indicating the economy
is picking up.
However, a potential
challenge to this trend is an increase in demand for talented
graduates could outpace supply.
Despite the AICPA seeing a 6
percent increase in students who enrolled in undergraduate or
graduate accounting programs during the 2009-2010 academic year, a
growing number of accounting programmes are rejecting qualified
applicants due to a lack of resources.
AICPA vice president for
students, academics and membership Jeannie Patton said currently
the capacity of many colleges to train all the students who want to
become accountants is restricted due to budget and other
constraints brought on by the economic downturn, the main issue in
meeting supply needs.
“The AICPA is diligently
focused on this potential challenge, leading efforts like
and This way to CPA to
guide students into the profession and supporting and administering
programs like Accounting Doctoral Scholars, which addresses
the need for more PhDs in the classroom,” Patton added. “We are
committed to ensuring the accounting profession continues robust
growth for years to come.”