Accountants work on improving diversity
The accounting profession is undergoing a re-examination of its efforts to address the lack of diversity. A new global survey of finance and accounting professionals details over 70 best practices for fostering diversity, equity and inclusion, along with indicators and metrics to measure progress.
Build the best accounting profession through diversity, equity and inclusion
The authors discuss why the accounting profession should care about discussions regarding diversity, equity and inclusion (DE&I) and invest time and resources to promote DE&I within accounting workplaces. They highlight insights from recent DE&I research, share why it matters to the profession, and end with practical actions you can take.
Towards a culture of belonging: Collective action toward diversity, equity, and inclusion is needed to enact change in the global accounting profession
Collective action toward diversity, equity and inclusion (DE&I) is needed to advance change in the global accounting profession. The article looks at the state of DE&I in accounting and finance and actionable DE&I practices for firms to carry out.
Cognitive diversity - innovation's 'secret sauce'
Terri Simpkin, Associate Professor and MBA director at the University of Tasmania, shares the importance of creating a culture that encourages teams to bring their authentic selves and divergent ideas to work. She argues that innovation is fundamentally reliant on diversity - and in particular, diversity of thinking. She provides tips on recruiting for diversity of thinking ('cognitive diversity') and keeping those people in the business.
'Limited pipeline' biggest challenge in advancing DE&I, survey finds
Bloomberg Tax's 2021 US Diversity & Inclusion Survey found that both accounting firms and corporate tax departments see a lack of exceptional talent to hire as the top roadblock in addressing diversity, equity and inclusion (DE&I) within their organizations. Accounting firm respondents cited commitments and/or a lack of support for non-billable work as their other top roadblock on the road to diversity, while corporate tax respondents cited a lack of diversity in senior leadership teams.
Why are women accountants leaving their jobs?
A two-year study by accounting researchers Carly Mouland CA and Alessandro Ghio is pinpointing how accounting firms can better tackle gender equity and stop losing female staff. Their study focused on over 250 female accountants in Australia, investigating their wellbeing at work and reasons women leave the accounting profession.
Pandemic hurt diversity efforts in tax and accounting
Ethnic minority and female accountants took on increased workloads at accounting firms during the Covid-19 pandemic, but didn't necessarily see their careers advance, according to a new US study, 'Pandemic Nation Report'. Thomson Reuters Tax and Accounting and PrimeGlobal polled more than 300 tax and accounting professionals from various countries and backgrounds for the report.
The impact of mentoring: how to build on success
The authors take a look at how mentoring can benefit Black accounting professionals. They identify gaps in support for Black accountants in the US and provide three recommendations to help address the support gaps: assign formal mentors, mandate early sponsorship and support establishment of informal mentors.
Diversity, equity and inclusion in the accounting profession: A few thoughts
Diversity, equity and inclusion (DEI) concepts can translate to small public accounting firms and even solo practices, say the authors. They consider some ways that small accounting firms can incorporate DEI considerations and make their services more inclusive for clients.
LGBTQIA employees leaving accounting profession
Nearly one in five accountants identifying as LGBTQIA (lesbian, gay, bisexual, transgender, queer/questioning, intersex and asexual) left the profession because of a lack of diversity, equitable treatment or inclusion, according to a recent US study. The study, published in February 2021 by the Institute of Management Accountants and the California Society of CPAs, also found that 43% to 55% of female, non-white, Hispanic, Latino and LGBTQIA respondents have left a company due to a perceived lack of equitable treatment. The researchers make suggestions on ways accounting firms can improve workplace diversity and promote greater tolerance and acceptance for LGBTQIA members of the profession.