Bachelor of Commerce (Digital Marketing) - Postsecondary ...

Provincial
The Ontario Job Futures (OJF) website reports that 2006 estimated employment of Financial Auditors
and Accountants (NOC 1111) in Ontario was 68,440. The main industries of employment for Financial
Auditors and Accountants were:
Professional business services (36%)
Finance, insurance, real estate and leasing (13%)
Public administration (12%)
Wholesale and retail trade (9% combined)
Ontario Job Futures estimates that the employment prospects for Financial Auditors and Accountants
will be average over the five year period from 2009 to 2013. Due to the large size of this occupational
category, replacement demand based on retirements will contribute to sizable labour market demand
annually. New businesses, the need for increased financial efficiencies, and increased public
accountability will contribute to continuing demand for these occupations.
Regional
According to the OJF, of the 68,440 Financial Auditors and Accountants employed in Ontario, 15% are
employed in the Western region: Kitchener‐Waterloo‐Barrie (7%), London (4%), Windsor‐Sarnia (3%),
and Stratford‐Bruce Peninsula (1%).
Analysis of Statistics Canada 2006 census data by local training boards indicates looming retirements
among currently employed accounting professionals. Within the Elgin Middlesex Oxford Workforce
Planning and Development Board, legal and accounting services have a larger share, by several
percentage points, of the total occupations in this sub‐sector when compared to the provincial
average. 26 Of 2460 Financial Auditors and Accountants employed in Professional, Scientific, and
Technical Services, 50% are 45‐54 and almost two‐thirds (64.6%) are 45 and over. In the counties of
Brant, Haldimand and Norfolk, the majority (56%) were 45+ years of age in 2006. 27
Short‐term employment prospects for Financial Auditors and Accountants (NOC 1111) in three areas of
the Western region suggest that the most promising prospects for the next few years are in the
Windsor‐Sarnia area, followed by London‐Woodstock.
In London‐Woodstock, employment prospects for Financial Auditors and Accountants was
expected to be average in the next few years. Demand for these occupations will be based in
large part on replacement demand – almost half of Financial Auditors and Accountants in the
London‐Woodstock area were over 45 years of age based on Canada 2006 Census.
26 Elgin Middlesex Oxford Workforce Planning and Development Board. (2011). Local Labour Market Plan 2011. Trends, Opportunities &
Priorities (TOP) Report. London, Ontario: Author.
27 Workforce Planning Board of Grand Erie. (2011). 2011 Local Labour Market Plan. Brant‐Haldimand‐Norfolk. Brantford: Author.
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