How fitting that, since we've spent months reporting on the terrible consequences of the recent massive accounting scandals -- the end of the profession's era of self-regulation, the beginning of government oversight, the destruction of what was once a highly respected accounting firm, and the bruised reputation of accounting as a whole, not to mention the damage done to investors and the people who worked at the implicated companies -- that it appears it is now our fate to report the upside of those same events.

The so-called silver lining of the cloud that hung over the profession in the aftermath of the implosions at Enron, WorldCom and others and the demise of Andersen has appeared. A report by the Bureau of Labor Statistics concluded that the same accounting trickery that brought down several corporations is creating long-term job security for CPAs.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access