lack of gender diversity is a concern throughout corporate America”, but specific attention “the should be drawn to accounting firms, since the exercise of their assurance mission, they fall “in under the regulatory oversight of the PCAOB, and they play a significant role in the financial markets” (Franzel). It is important to understand the severity of this issue has within the profession, since have been entrusted with the audit function for publicly traded “firms companies and securities broker-dealers,” and they assurance over financial reporting “provide and disclosures to protect investors and promote confidence in our capital markets” (Franzel). Moving forward, it is vital for accounting firms to improve conditions within their firms in order to bring about benefits to the women they employ, the accounting profession, and the business environment as a whole. It is important for accounting firms to invest in and focus on the “public retention and development of its female leaders”, as shows that organizations with “research diverse leadership teams outperform those with homogeneous leadership teams” (Franzel). Gender discrimination experienced by in the modern workforce is not something to be overlooked, as the correction of this issue is critical for the advancement of all working women, as well as the modern business environment. With respect to the professional labor force, from the largest and most diverse set of candidates is increasingly necessary to “pooling succeed in the market”, as we live in increasingly competitive economy where talent is “an crucial to improving the bottom line” (Kerby and Burns). The resolution of this issue has the power to bring about insurmountable societal advancements, as laws of economics and “the many studies of diversity tell us that if we tapped the entire pool of human resources and talent, our collective performance would improve” (Sandberg 8). It is essential for people to fully embrace the resolution of this issue, as it will not only provide increased benefits toward women, but also to the economy as a whole.
“the lack of gender diversity is a concern throughout corporate America”, but specific attention should be drawn to accounting firms, since “in the exercise of their assurance mission, they fall under the regulatory oversight of the PCAOB, and they play a significant role in the financial markets” (Franzel). It is important to understand the severity of this issue has within the profession, since “firms have been entrusted with the audit function for publicly traded companies and securities broker-dealers,” and they “provide assurance over financial reporting and disclosures to protect investors and promote confidence in our capital markets” (Franzel). Moving forward, it is vital for accounting firms to improve conditions within their firms in order to bring about benefits to the women they employ, the accounting profession, and the business environment as a whole. It is important for “public accounting firms to invest in and focus on the retention and development of its female leaders”, as “research shows that organizations with diverse leadership teams outperform those with homogeneous leadership teams” (Franzel). Gender discrimination experienced by in the modern workforce is not something to be overlooked, as the correction of this issue is critical for the advancement of all working women, as well as the modern business environment. With respect to the professional labor force, “pooling from the largest and most diverse set of candidates is increasingly necessary to succeed in the market”, as we live in “an increasingly competitive economy where talent is crucial to improving the bottom line” (Kerby and Burns). The resolution of this issue has the power to bring about insurmountable societal advancements, as “the laws of economics and many studies of diversity tell us that if we tapped the entire pool of human resources and talent, our collective performance would improve” (Sandberg 8). It is essential for people to fully embrace the resolution of this issue, as it will not only provide increased benefits toward women, but also to the economy as a whole.
Roman_HC_Thesis.docx