Sarbox boosts accounting job market
Accounting graduates are enjoying best prospects for years
Increases in financial regulation and corporate governance rules has seen US
accounting graduates are enjoying the best job market for four years.
Figures from the US-based National Association of Colleges and Employers
showed that accounting was the third most popular university degree among
employers this year. Starting salaries are also increasing: up 5.4% to $46,188
in the year, according to the Financial Times.
The demand is largely down to the introduction of the Sarbanes-Oxley Act in
the wake of the Enron scandal. The effect of the Act is also likely to drift
into the UK, with many UK companies with US listings also required to comply.