Future of SOX specialists (in 2 and more years) 257
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What do you think about opportunities for SOX specialists in few years? Do not you think that it can turn out that there will be too many SOX specialists and there will not be so much work for them to do?
I have 3 years experience in external audit (Big4) and I have possibility to specialize in SOX. It is interesting for me but I am afraid that after 2-3 years I will have problems with finding good job as for example internal auditor?
Is is possible that in few years SOX will not be as important and SOX specialists will have problems with job?
I will appreciate for answering my question.
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Dear Guest,
Most that I have asked your question of during SOX
assignments (and from contract agencies - I’m looking
after finishing a SOX job in Holland) think that the current
frenzy of SOX employment will drop within the coming
year. A few plausible reasons:- Companies going through the expensive pain of 404
compliance for the first time will have learned how to
pare the expense and manpower required. - If the expense of compliance does not diminish, corporate
attempts to reduce SOX costs may force changes in requirements. - Improvements in software or methodogies may reduce
audit personnel requirements.
After participating (at telecom and financial companies) in
Y2K, ISO 9000, and other crusades du jour that came on
quickly like SOX, I don’t think SOX will continue to require
increase in auditing staff. Cash cows seem to be
short-lived animals.
Chuck B.
- Companies going through the expensive pain of 404
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Personally, I think that having SOX experience is going to continue to be valuable. There will always be work for those who enjoy the Business Process Engineering gigs, which I believe will be the true benefit for companies that have taken their SOX compliance seriously.
Yes, there will be a glut of people with SOX experience after a few years, but most of us who are currently working with companies to comply won’t want to continue doing this work forever.
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:idea:
Compliance will be more and more important, year after year
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Well, this thread really hits the point. How does one become an expert in anything and expect a salary paying career for more than two years? I have already been through a career or two in the high-tech telephony ‘thing’, which really has been superseded by the internet. I am now contemplating getting a CPA (I am already in MBA school) so I am better positioned to ride the SOX/IT security train. But It could easily take me a year(at my slow pace) to take the additional accounting credits required to sit for the CPA exam. To the casual observer, it seems that there is a shortage of people who know accounting and IT security. I really know neither, but do know a thing or two about VoIP and networks but not from the required CISCO certfication point of view, I like dogs, I like cooking (but not cleaning up afterwards). I am a sales engineer, who doesn’t sell very well, but I do have an interest in people, and that shines through, I think.
So back to the question if the SOX train will continue on. I don’t know but I sure would like a definative answer, before wasting my MBA education on ‘useless’ accounting classes.