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122) and Senior Managers (NOC 001), demand is expected to be above average, because of much higher
than average replacement demand due to the older average age of workers in these occupations.
Section 2. Accounting Outlook
This section provides national, provincial and regional employment forecasts for Accounting
occupations. The section also presents findings from interviews with local employers about labour
market needs for graduates of Accounting programs, and employer views on the most important
Accounting specializations.
HRSDC labour market information for Accountants is available under the 4‐digit occupational category
Financial Auditors and Accountants (NOC 1111). Some of the job titles applied to workers in this
category are: Accountant, Chartered Accountant (CA), Certified General Accountant (CGA), Certified
Management Accountant (CMA), and Industrial Accountant. Common job titles for Financial Auditors
include Financial Auditor, Income Tax Expert, and Internal Auditor.
Accountants plan, organize, and administer accounting systems for individuals and establishments. They
develop and maintain cost finding, reporting, and internal control procedures. When employed as part
of senior management teams they help determine and steer the establishment’s growth strategy.
Financial Auditors typically examine and analyze the accounting and financial records of individuals
establishments to ensure accuracy and compliance with established accounting standards and
procedures or statutory requirements. Common employers of Accountants and Financial Auditors
include: banks and other financial institutions, insurance companies, governments (federal, provincial
and municipal), and auditing, accounting and bookkeeping firms. Accountants and Financial Auditors
may also be self‐employed. Industry employers are another source of jobs in these occupations.
The Certified General Accountants Association projected that employment prospects for certified
general accountants for 2007 and beyond would be fair and employment growth would be below
average, although some increased demand was projected based on organizations requiring more
analysis of business operations and more sophisticated accounting systems. 25
Increased labour market demand for Accountants will stem from the following:
Due to recent global accounting scandals and demands for fiscal responsibility, firms will come
under greater financial scrutiny, with accountants playing an increased role in assisting
management with planning and internal accounting practices designed to reduce risk and
improve financial operations. This may be a source of new jobs in the manufacturing sector as
economic recovery drives increased production in that sector.
25 Certified General Accountants Association. Labour Market Information. http://www.cgaontario.org/Prospective_Students/Post_secondary/Internationally_Trained_Professionals/Labour_Market_Information.aspx
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