Minorities in the Accounting Profession

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Description: The accounting profession has gained ground on the medical and legal communities in minority recruiting. A number of years ago, according to the then-available statistics, less than 1% of the CPA profession was African American, Latino, and Asian. Today it's 8%, consisting of 4% Asian/Pacific Islander, 3% Hispanic, and only 1% African American. The US Census Bureau estimates that, with 100 million ethnic minorities in the US, about one in three residents is a minority. According to the American Medical Association, the American Bar Association, and the AICPA, minorities make up 14%, 10%, and 8% of their respective professions. In November 2007, the New York State Education Department's Office of Professions held a forum to discuss how professions can reach out to the minority community. Traditionally, accounting has been a profession that was a bridge for first-generation immigrants or first-generation college graduates to enter the "professional" business world.
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