Females are substantially underrepresented compared to males as accounting firm partners, according to a new academic study that found only 17 percent of audit partners with U.S. audit clients are women.
Demand for skilled CPAs and accounting professionals is skyrocketing as lean-running firms and financial departments rebound from the recession. The trouble is, amid the steady wave of retiring Baby Boomers, highly qualified accounting talent is increasingly hard to come by – and competition for that talent is intensifying.
KPMG entered into an agreement with the U.S. Department of Labor to resolve allegations of hiring discrimination against 60 Asian candidates applying for associate auditor jobs in the firm’s Short Hills, N.J., office.
Job growth at small businesses dipped in May for the third month in a row, but hourly earnings rose 2.87 percent ($0.72) to an average of $25.76 compared to a year ago, according to payroll giant Paychex.