Bierman added, «But in most instances, higher profitability is better, and the industries atop this list are getting more from their business investment than. Sageworks evaluated specialty services to amass its list of the top 20 profitable industries. Here is the full list of the study’s findings:. These industries — Accounting and Legal Services. The healthcare and dental industry secured a spot on the Sageworks list, but these are industries that require expensive inventory and equipment to be both purchased and maintained. For years, accounting-related services have proved to be a consistent winner on the several profitable industries lists. Why does this industry continue to remain on top?
Which Engineers earn the most?
I would like to welcome our regulatory guests from over 40 jurisdictions around the world to the Public Company Accounting Oversight Board’s 11 th Annual International Institute on Audit Regulation. Today, I want to talk about the potential implications of the high level of concentration in the audit market, a topic that I believe warrants serious examination by all of us. I briefly touched on this subject in May at the Canadian Public Accountability Board Audit Quality Symposium when I noted a growing concern in the United States about whether the Big Four have become either too big or too few to fail. The recent events in South Africa’s audit market [2] highlight why this topic has to be considered now. It is no longer merely theoretical. Regulators in other jurisdictions have begun to do so and the most recent PCAOB Strategic Plan also recognizes «the potential for catastrophic risk within the audit industry. Under our federal securities laws, any public company that raises money through our capital markets, or has securities listed on an exchange, must hire an independent public accountant to audit its financial statements. As a result, auditors have a unique franchise and also a critical responsibility to investors and the markets.
From our Obsession
This franchise, however, is only as valuable as the public confidence investors have in the audits being performed by an independent auditor. If investors do not believe that auditors are independent, they may not trust the financial information that is reported by companies, thereby increasing the cost for such companies to raise capital. Over the past 30 years, as a result of consolidations and other events, we have seen the number of large global audit firms decrease from eight to four. The majority of large global corporations use the Big Four accounting firms for auditing their financial statements. In the United States, these firms collectively audit approximately 97 percent of the total U. For example, in the U. In Europe, the Big Four perform almost 70 percent of the statutory audits of public-interest entities, based on a recent report by the European Commission. The market for audit services in some countries is even more concentrated because only a few of these firms conduct audits in those markets. Given this level of concentration, investors have raised concerns as to whether the status quo results in lower quality audits and reduced investor protection, and whether our financial markets could cope if one of the Big Four were to fail or exit the field. In other words, are the Big Four too big or too few to fail? Many, indeed, believe there is little to no appetite among regulators, investors, or even audit clients, to see the Big Four become the Big Three. Accordingly, auditors could be tempted to eliminate certain audit procedures to reduce costs, take on riskier clients, acquiesce to management’s demands, or aggressively expand their riskier non-audit services under the banner of a trusted audit firm brand, which would only increase the already continued high rates of audit deficiencies.
Occupational Employment Statistics
An official website of the United States government Here is how you know. Federal government websites often end in. Before sharing sensitive information, make sure you’re on a federal government site. The site is secure. Examine, analyze, and interpret accounting records to prepare financial statements, give advice, or audit and evaluate statements prepared by others. Install or advise on systems of recording costs or other financial and budgetary data.
How Much Does an Accountant Make?
But could you be underselling yourself by staying and working in your nation of origin? Partner Links. In short yes, and. After all, it’s very difficult to leave your family and friends for long periods of time. It is a relatively new discipline in engineering with some claiming it is currently under-supplied with labor. Have you ever wondered in which countries engineers make the most money? Although many Engineers tend to love what they do working conditions can get on top of. These are Stay on top of the latest engineering news. Rank Job Salary US dollars Total employed 1 Anesthesiologists31, 2 Surgeons, general34, 3 Oral and maxillofacial surgeons4, 4 Obstetricians and gynecologists18, 5 Orthodontists5, 6 Psychiatrists25, 7 Family and general practitioners, 8 Physicians and surgeons other specialists, 9 Chief executives, 10 Internists, general37, 11 Prosthodontists12 Pediatricians, general28, 13 Dentists, all other specialists4, 14 Dentists, general, 15 Nurse anesthetists43, 16 Airline Pilots and flight engineers82, 17 Petroleum engineers32, 18 Computer and information systems managers, 19 Architectural and engineering managers, 20 Podiatrists9,
13-2011 Accountants and Auditors
Imagine your goal in life was simply to make as much as much money as possible. What should you do? For the survey, companies are asked what their employees do and how much they are paid. The data is used by the government to track the number of people in different jobs, focus government education programs, and forecast which jobs will grow in the future.
Of the 10 highest-paid jobs, nine of them were types of doctors. For those looking to get rich, simply knowing that a certain type of job is well-paid may not be.
This analysis only includes about of the jobs listed for because the definitions of some jobs changed sinceand some new jobs were added for example, anesthesiologist was not in the dataset. Due to fracking and new drilling technologiespetroleum engineer tops our list of fast-growing, high-paying jobs. They wht involve intensive education to qualify for positions. It may take decades to pay off the student debt to get one of these jobs, but in the end it is almost certainly worth it. Skip to navigation Skip to content.
From our Obsession Future of Work. Rank Job Salary US dollars Total employed 1 Anesthesiologistswhat audit industries make the most money, 2 Surgeons, general34, 3 Oral and maxillofacial surgeons4, 4 Obstetricians and gynecologists18, 5 Orthodontists5, 6 Audiy25, 7 Family and general practitioners, 8 Physicians and surgeons other specialists, 9 Chief executives, 10 Internists, general37, 11 Prosthodontists12 Pediatricians, general28, 13 Dentists, all other specialists4, 14 Dentists, general, 15 Nurse anesthetists43, 16 Airline Pilots and flight engineers82, 17 Petroleum engineers32, 18 Computer and information systems managers, 19 Architectural and engineering managers makw,20 Podiatrists9,
Is an Engineering Degree worth it?
Salary potential is one important factor to consider when choosing a career path. Jobs in the field of accounting and auditing can come with high salaries. The median wage for this occupation is well above the median salary for all occupations in the United States.
Potential Implications on Audit Quality and Audit Oversight
Mae accountants and auditors who advance to management and senior-level roles have the greatest earning potential, often with salaries near or in the six-figure range. Auditing is the area of accounting that deals with the examination of financial documents to identify inaccuracies, fraud or opportunities for improving business operations. How much money could you make as an auditor? You might be surprised. While job title and experience have a major impact on salary, so do factors such as industry and area of specialization. The Salary Guide zudit somewhat different pay rates aufit the same role in different specialty, such makf IT auditor and finance and accounting. As you might expect, salaries for accounting positions follow suit, with those in management and leadership roles earning the most money. Specialized roles can also be lucrative. Generally, public accounting roles tend to pay somewhat better than corporate accounting. As a whole, accountants and auditors in the U. Aside from executive leadership and other management roles, the best paying industry for accounting and auditing professionals is finance and insurance. The finance and insurance industry employs eight percent of accountants and auditors, or aboutworkers. Next most lucrative is the industry of management of companies and ahat, which employs seven percent of accountants and pays a median wage of 72,
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