Accounting Educators and the Future of the CPA Profession

Dr. James Edwards and Dr. Howard Sanders were just two of the talented staff in the accounting department of the University of South Carolina when I was a student in the early 1970s.  Upon reflection I credit all my professors with preparing me for a wonderful career.  One of my favorite SCACPA board members is Dr. Clarence Coleman, CPA.  While participating in the 2009 Professional Issues Update in Rock Hill, I saw many students and alumni gather around Dr. Coleman and heard them brag about what a great professor he is.  So allow me to thank all of those who are in the education profession, and especially those who convey their knowledge of accounting to those minds that are open and ready to join this career field.

A word of warning regarding accounting education comes from the AICPA.  There is a shortage of qualified accounting professors across our nation.  A recent study indicated that the supply may be less than 50% of demand.  The market driven demand for accountants has resulted in a shortage of PhDs creating a bit of a problem that may not be felt soon, but certainly in the intermediate future.  With some colleges and universities turning away qualified accounting students, the AICPA stepped up two years ago with a proactive plan to address this issue.  The AICPA Foundation created the Accounting Doctoral Scholars (ADS) program (http://www.adsphd.org/), whereby scholarships are given to assist new entries into the doctoral programs across our nation.  The University of South Carolina has been a beneficiary of this program by adding four doctoral candidates to its accounting staff. 

With this program SCACPA was asked to partner financially with a contribution to the foundation.  In 2010 we will be making the second of five $2,000 gifts to help fund a solution to this crisis.  So with this financial assistance each member of SCACPA has been able to be a small part of the solution.  I want to thank each SCACPA member for their participation, both financially and directly with time and talents. 

Hats off to all accounting educators in South Carolina for the difference they are making for the profession. When  you see these professors at gatherings, be sure to express your appreciation to them for all they have done to kick-start not only your career, but the careers of many others.

Charles Edward “Eddie” Brown, CPA
Bachelor of Science in Business Administration
Major in Accounting –  May 1974
University of South Carolina – Columbia, South Carolina

Blogger: Charles ‘Eddie’ Brown, CPA

 
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About scacpa

The South Carolina Association of CPAs is a professional organization that provides support to all CPAs – whether in public practice, industry, government or education - with lifelong learning opportunities necessary for their success, the promotion of high ethical standards and legislative advocacy for both the public good and for the profession.
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