A report from the American Institute of CPA’s reflects what many know at big accounting firms there is little diversity in the ranks. Latinos make up only 3 percent of the CPA profession, the same for Blacks and just 1 percent for American Indians.
Furthermore, the firms that do have minority employees have low rates of them in managerial positions except for Asians. Amongst the Big Four Firms (Ernst & Young, PricewaterhouseCoopers, KPMP and Deloitte) only 3.5 percent of managers are Latinos and slightly more (3.9%) for Blacks.
Many accounting professionals blame lack of awareness amongst the profession as to why there is low levels of diversity. The Big Four are now taking some proactive measures to change this. For example, Ernst & Young has a program called Discover Tax Program that reaches out to minority students studying finance and accounting.