A booming economy and fewer accounting graduates (about 10,000 over a four-year period) has motivated the Big 5, along with other accounting and consulting firms, to dig deeper for qualified applicants. One place that seems to be a prime resource for the future of accounting is America's high schools. In some cases, even middle schools makes sense.
The Big 5 are arriving in droves, and this time they have more than promises of employment. They have incentives like scholarships and internships to entice future accountants to rise to the top.
For example, PricewaterhouseCoopers will send recruiters to about 3,000 high schools this year, and are closely looking to see whether middle schools also should be covered.
The AICPA is involved as well, with programs for the classroom that make accounting 'fun' for anyone involved. One section tells how forensic accounting even helped capture Al Capone.