CALL IT THE global effect. The perceived role of the number-crunching accountant chained to a desk with no prospect of variety is changing fast.
According to Catherine Yen, a partner with Ernst & Young, one of the 'big four' players in accounting worldwide, accountants are increasingly playing a key role in analysis, interpretation and business strategy.
This new development in accounting has really picked up steam over the past five years as it has become necessary for accountants to learn more about the day-to-day running of client companies and how enterprises react to changes in the global marketplace.
With its business fuelled by a booming mainland economy and Chinese state-owned enterprises seeking foreign investment, Ernst & Young has about 100 vacancies for accountants with various levels of experience in Hong Kong and China.
'There is a constant shortage of accountants, particularly ones with China experience, to carry out auditing projects,' said Ms Yen, adding the long-term prospects of a career in accountancy were extremely promising for people who were prepared to work hard.
'Auditors may work incredibly long hours during periods such as an initial public offering, but this is tempered by less stressful periods.'
First on the list of Ernst & Young's recruitment targets are accountants with three to four years' experience, preferably with one of the big four, to carry out auditing assignments.