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Audit and Assurance Accountants

Outlook

Thanks to globalization, an improving economy, and increasingly complex tax regulations, audit and assurance accountants will continue to have good job opportunities. The U.S. Department of Labor predicts 4 percent employment growth, which is as fast as the average, for accountants and auditors through 2032. Audit and assurance accountants will be needed to review financial documents and reports to assure accuracy, honest reporting, and tax compliance. Employment growth will also be triggered by tighter lending standards, as more audits will be needed to validate companies' creditworthiness. The increase in international trade and international mergers and acquisitions will also lead to more job opportunities for audit and assurance accountants. In the coming decade, the use of advanced technologies—including cloud computing, artificial intelligence, and blockchain technology—is expected to increase the analytical and advisory functions of accountants as more routine tasks become automated.

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