Professional Issues


The AICPA released the 2004 edition of its annual report, The Supply of Accounting Graduates and the Demand for Public Accounting Recruits ( www.aicpa.org/members/div/career/edu/sagdpar.htm ), which found the number of bachelor’s degrees awarded rose by 6% and master’s degrees by 30% over the prior year while enrollment in accounting programs grew by roughly the same percentages. More than 109,000 candidates sat for the CPA examination—slightly more than in 2003. Hiring increased at single-digit rates and 18% of new employees were members of minority groups. The report predicted long-term growth in hiring of accounting graduates by firms of all sizes.

SPONSORED REPORT

States look to unclaimed property for revenue

This free report outlines the escheat process, common types of AUP, how different states are handling it and how companies can plan for potential audits and liabilities.

PODCAST

Using drones to enhance audits

Hermann Sidhu, CPA, global assurance digital leader at EY, walks us through EY’s exciting new project to use drones to help audit large warehouses and outdoor inventories.