The Growing Trend of Women Working in the Accounting Industry

An Aurora, Illinois-based business, SDC CPAs is an established provider of global investigation and forensic accounting services. It was founded to service crime insurance claim adjusters and attorneys dealing with financial institutions as well as commercial, non-profit, and governmental entities, on fidelity, crime, faithful performance, and commercial surety claims. In operation since 2001, SDC CPAs is a member of the Women’s Business Enterprise National Counsel (WBENC) and a certified women-owned firm working within the accounting industry.

It wasn’t until 1910 that the first women entered the accounting field, a milestone that paved the way for an increasing number of women to advance in the financial sector. At present, 60 percent of professionals working within the accounting field are women, although most of them work in entry to mid-level roles and less than 20 percent hold C-suite positions. However, it is projected that an increasing number of women will enter C-suite roles as the use of cloud-based technology and flexible workplace arrangements are implemented.

According to the American Institute of Certified Public Accountants’ CPA Firm Gender Survey conducted in 2015, women only hold 24 percent of partnership positions at CPA firms. However, the trend for women to move into partnership positions is steadily increasing, as 19 percent of women worked in these roles in 2013.

Americans Enter New Decade Financially Confident

SDC CPAs in an Aurora, Illinois-based forensic accounting firm that specializes in working with insurance companies in the areas of crime, surety claims, and employee misconduct. Committed to ongoing professional development, members of SDC CPAs are members of the American Institute of Certified Public Accountants (AICPA).

According to the most recent figures from AICPA’s Personal Financial Satisfaction index (PFSi), Americans are entering the new decade feeling significantly more satisfied with their financial condition than they were entering the previous decade. The PFSi is a barometer of that satisfaction, and is calculated quarterly. It is the product of financial pain ratings subtracted from financial pleasure ratings, which are based on the availability of financial opportunities, assets, and other factors.

In the fourth quarter of 2019, the rating hit an all-time high of 40.2. It’s the second time in 2019 that the PFSi hit an all-time high, and ending the year on that note shows heightened confidence heading into 2020. Conversely, in the fourth quarter of 2009, the PFSi was actually -29.6, representing a major lack of confidence by the average American in their own financial position.

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