Page 467 - JoFA_2022
P. 467

PROFESSIONAL ISSUES





                                 in accounting with a forensic accounting   table “Salary Information for State Audit
                                 concentration,” said Shaye Doherty, an associ-  Agencies and Comptroller Offices.”)
                                 ate auditor at the Commonwealth of Virginia
                                 Auditor of Public Accounts in Richmond, Va.   CREDENTIALS AND EXPERENCE REQUIRED
                                 “Not only have they reimbursed me for classes   State audit agencies generally employ
                                 I have passed, but they have provided me 24   more CPAs than state comptroller offices
                                 hours of education leave each year.”      (mean of 29% versus 10%), which should
                                   The public sector is also aware of the   be expected given their different objec-
                                 demand for accounting professionals, and many   tives. Also, only 53% of the states require
                                 governments are increasing their salaries to be   that a division head/audit manager in a
                                 more competitive at attracting talent. (See the   state audit agency have a CPA license.

                                                                          Job opportunities in

         Certification at state comptrollers and audit agencies           the public sector

                                                                          Where do you find accounting and auditing
          Section A (percentage of staff who are CPAs)
                                                                          job opportunities in the public sector? For
                                                     Maximum/minimum      the federal government, USAJOBS is the
                                  Mean      Median       percentage
                                                                          official employment site for all federal jobs.
          Audit agency:                                                     When searching for a federal job, job
           Agency head (all)      43%                                     seekers often consider whether the U.S.
           Agency head            57%                                     Department of Defense or a civilian agency,
           (appointed)                                                    such as the department of Agriculture,
           Agency head (elected)   18%                                    Education, Health and Human Services, or
           All staff              29%        29%           67%/9%         Transportation, better fits their professional
                                                                          and personal interests. For state and local
          State comptroller’s office                                      government jobs, search that government’s
           State comptroller (all)  46%                                   official website to determine where
           State comptroller      49%                                     available jobs are posted. Also, the National
           (appointed)                                                    Association of State Auditors, Comptrollers
                                                                          and Treasurers (NASACT) promotes job
           State comptroller      38%
           (elected)                                                      openings at the state level in its weekly
                                                                          news updates. You can contact NASACT to
           All staff              10%         7%           32%/1%
                                                                          subscribe to the weekly news updates.
           Prepare annual         44%        40%           100%/0%          In any new professional endeavor, it is
           comprehensive financial                                        helpful to work with an experienced mentor
           report (ACFR)
                                                                          who provides advice and helps guide you
                                                                          through the process. If you have a family
          Section B (percentage of state audit agencies requiring certification    member or friend who is knowledgeable
          or master’s degree for position)
                                                                          of the public sector, reach out to them.
                                                      Require CPA, other   Professional organizations often will
                                  Require    CPA     certification, master’s
                                    CPA    preferred  degree, or law degree  match you with a mentor. The Association
          Agency head              25%                      4%            of Government Accountants (AGA) has a
                                                                          student/young professionals program. The
          Chief deputy             38%                                    Government Finance Officers Association
          Other deputies           23%                      4%            (GFOA) has a student program. AICPA &
          Division head/audit      53%        6%            22%           CIMA have an apprenticeship program and a
          manager                                                         Finance Leadership Program. Contact these
          Audit supervisor         25%        6%            14%           organizations to find a mentor who can
                                                                          assist you with your interest in employment
          Senior/middle-level auditor  0%     3%            0%            in the public sector.
         Source: NASACT.

         22    |   Journal of Accountancy                                                        November 2022
   462   463   464   465   466   467   468   469   470   471   472