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About This Document: A recent survey conducted by Robert Half Finance and Accounting reflects the high demand for accounting personnel: Of the 1,400 CFOs surveyed, 9% planned to add staff in the second quarter of 2008, while only 5% planned to reduce staff, and this trend is expected to continue. To maintain a sufficient supply of qualified accountants, a fundamental shift in the structure of entry-level accounting positions may be necessary, according to the council. Mentoring programs may also be an effective means of retaining staff. An expanded partnership between the business and academic communities might also help reduce the current shortage of qualified staff. One key outcome of globalization is the harmonization of international and US-based accounting standards. Another potential way of alleviating a staffing shortage at the firm level is to maintain contact with former employees, who could provide a source of business to the firm or may wish to return at a later date in some capacity.

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Charting the Future of the Accounting Profession

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