New Accounting Jobs

Written by James Lyons
Bookmark and Share

The accounting world has changed dramatically since the fall of Arthur Andersen. The Sarbanes-Oxley Act of 2002 has effectively created a number of new accounting jobs for accounting professionals. The Sarbanes-Oxley Act of 2002 is commonly referred to as SOX and it has changed internal accounting departments and professional public accounting firms.

Most corporate professionals agree that the Sarbanes-Oxley Act of 2002 is one of the most important pieces of legislation to affect corporate governance, financial disclosure and the practice of public accounting since the advent of United States securities laws in the 1930s. It is, moreover, a law that came into being in the glare of a very bright, very hot spotlight.

The Government Creates New Accounting Jobs

With the fall of Enron and Arthur Andersen, it was clear that something had to be done to prevent corrupt accounting practices from taking place. There was a clear conflict of interest when the same firms were performing both the accounting and consulting functions for a single client. There were no checks and balances for either party involved. As a result, losses were downplayed, gains were overstated, debt was hidden and stock prices were artificially inflated.

In the end, thousands of people lost their jobs and thousands more lost their life savings, or a significant portion of it. The Sarbanes-Oxley Act was created to curtail the corruption, to have someone or some company audit the auditors. While this might seem like bureaucracy, it's a necessary check to have in place. For accounting professionals, it has resulted in thousands of new accounting jobs.

The best place to look for new jobs has become the Internet. More and more legitimate and established companies are doing their hiring using online job boards are their main resource. That's why it's key for job seekers to get their resumes posted to as many job boards as possible, even the smaller ones.


Bookmark and Share