Five years after passage of the Sarbanes-Oxley Act, CPA firms and their biggest clients have largely completed the wrenching adjustment to a more demanding environment. Although new rulemaking has subsided, and even a few tentative moves toward relief from the most onerous demands are underway, recruiters, educators and industry officials say the seller's market for accounting talent will persist for at least a few more years - and possibly much longer.
The strength of demand is impressively broad, spanning varied experience levels and functional specialties. When pressed to name a market segment that is cooling or is poised to cool soon, experts we spoke with were unable to think of one. And while the shortage of qualified accountants is today most evident in the middle of the career ladder, recent graduates are in demand too. In the not-too-distant future, accounting's top levels will face a similar situation.
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