Scandals fail to deter US accounting students

Scandals fail to deter US accounting students

The spate of global accounting scandals has not stopped students in Illinois from choosing career paths in the profession - in fact the opposite has happened.

Link: Follow the WorldCom saga

In some colleges enrolment in general accounting classes has picked up while new courses such as ‘accounting fraud detection’ have filled up faster than expected.

At the University of Chicago Graduate School of Business, 270 students have enrolled in a course called ‘Financial Statement Analysis’, an increase of 50% on a year ago, reports from across the pond said.

Apparently the collapse of WorldCom and Enron in the wake of accounting scandals, as well as the conviction of Andersen has made both traditional courses and specialised courses popular with students.

Steve Goldfarb, spokesman for the American Institute of Certified Public Accountants, said the accounting scandals had a positive side.

‘It’s showing high school kids and first and second year college kids how important good audits are,’ he said.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource