This report analyzes racial and gender diversity trends in the tax and accounting profession, focusing on data from public accounting firms, government agencies, and educational programs. Key takeaways include:
- Overall, racial and gender diversity is gradually increasing in both public accounting firms and government agencies.
- However, diversity significantly decreases at higher levels (Partner/Principal) in public accounting firms.
- Women represent over 50% of entry-level staff but only 24% of Partners/Principals in public accounting.
- The government sector shows higher racial diversity than public accounting, especially for Black/African-American professionals.
- Enrollment of minority students in accounting programs is increasing, suggesting a more diverse future workforce.
- The IRS attracts a high percentage of women (64%) in tax examiner, collector, and revenue agent roles.
Recommendations for improving diversity include:
- Celebrating and promoting existing diversity initiatives
- Creating clear pathways for women and minorities to advance to leadership roles
- Encouraging diverse enrollment in accounting programs through scholarships and recruitment efforts
- Developing mentoring programs for diverse employees
The report emphasizes that improving diversity is a long-term process that requires consistent effort and commitment from organizations in the tax and accounting profession.Africa, Asia-Pacific and Latin America, including increased audits, continued tax reform, and accelerated digitization of tax processes globally. Overall, our assessment highlights significant changes ahead for tax departments in staffing, technology, and strategic focus.
