Accountants keep faith with firms
Working for a professional services firm is still an attractive prospect for accountants, despite the tarnished reputation of the industry following the Enron and WorldCom scandals.
A recent survey by recruiters Huntswood showed that 70% of accountants intend to continue working for professional services firms despite the fact that nearly 80% of the respondents believe that the reputation of the industry has been damaged by recent accounting scandals. By contrast, nearly half of the consultants polled were considering their future in professional services firms.
The survey also showed that many believe the recent split between accountancy firms and their consultancy practices had damaged the industry, with 69% stating that the reputation of the professional services industry had been severely impacted.