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Sarbanes-Oxley: Opportunity Knocks

Friday, April 06, 2007

While many American companies complain that Sarbanes-Oxley hinders business, one group is enjoying benefits from the legislation -- accountants. In this report from the NBR Special "Sarbanes-Oxley: Five Years Later," Midwest Bureau Chief Diane Eastabrook examines the rising demand for CPAs and auditors.
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Image of students in accouting class at Northern Illinois University. Click to watch report. Watch Video
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Accounting Degrees Awarded
According to the American Institute of Certified Public Accountants, the number of students earning degrees in accounting is on the rise. The chart below illustrates this data.
A graphic chart of U.S. accounting degrees awarded from 1994 to 2004.
Related NBR Stories & Links
External Links/Articles*

  • "Can CFOs Keep a Foot in Strategy Post-SOX?"
    This March 2006 article was published in Knowledge@Wharton, the online journal of the Wharton School of Business at the University of Pennsylvania.
  • Financial Accounting Standards Board (FASB)
    FASB is a private, not-for-profit organization. Its mission is "to establish and improve standards of financial accounting and reporting."
  • Huron Consulting Group
    Huron is a business consultancy. As Diane Eastabrook explains, one of Huron's specialities is counseling companies about earnings restatements. Huron's VP of operations, Daniel Broadhurst, is interviewed in Diane's report.
  • Northern Illinois University (NIU)
    NIU's accounting program is profiled in Diane Eastabrook's report. Diane interviews Emily Montgomery, an NIU accounting student, and James Young, chair of the school's accounting department. This link's directly to the web page containing information about NIU's Department of Accountancy.
  • "Revisiting the Ripple Effects of the Sarbanes-Oxley Act"
    This May 2006 article was published in The CPA Journal, which is a publication of the New York State Society ofo CPAs. It includes a discussion of accountant salary increases that have resulted from Sarbanes-Oxley.
  • "Second-CPA-Firm Update"
    This article was published in the September 2005 edition of the American Institute of Certified Public Accountants' Journal of Accountancy. The article is subtitled, "The Sarbanes-Oxley cloud has a silver lining—unzip it." It explains how SarbOx has made it possible for small CPA firms to gain new clients.
  • True Partners Consulting
    True Partners is another consulting firm that Diane Eastabrook profiles. The company's CEO, Cary McMillan, is interviewed in Diane's report.

    • *Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.

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