CPA credentials allow accountants to access a wide array of industries at home and abroad
In spite of fluctuating economies, political uncertainties, and unpredictable business cycles, few professions offer the stability and long-term career opportunities of accountancy.
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In spite of fluctuating economies, political uncertainties, and unpredictable business cycles, few professions offer the stability and long-term career opportunities of accountancy. That’s especially true if the professional is equipped with a certified public accountant (CPA) credential.
Michael Wong, Partner, Greater China talent leader with “big four” accounting services firm Ernst & Young (EY), says the CPA designation is a solid foundation for a rewarding career. “During any business cycle, whether it is auditing, tax, corporate finance, transaction, or consulting and advisory services, accountants are needed by all industries across all sectors,'' explains Wong.
Global recognition of the qualification also opens the door to traveling and working abroad, Wong adds. Businesses are continuing to globalise, including those in China, so accountants are needed around the world to provide companies with tax and auditing requirements, due-diligence, and financial risk services. “The CPA qualification is a global passport for those that want to live and work in different parts of the world,” Wong says.
Those with a CPA designation have access to varied and exciting work. For instance, qualified professionals can work as accountants in the music and entertainment industry, handling production budgets and royalty distribution. Or they can become environmental accountants who budget for the cost of pollution management, and other ecological issues for large organisations.
Forensic accountants investigate white-collar crime such as money laundering and fraud, and help settle financial disputes. Accountants are also needed to work for governments and auditors, as well as listed companies and non-government organisations. Hong Kong's fintech (financial technology) and business start-up communities are expanding, so Wong believes there will be additional opportunities for accountants looking to work in these sectors. He adds that accountants can often move into senior management and leadership roles such as chief finance officer.