Tuesday, June 29, 2010

Are CPAs Racist?

"Thomas Jones decided to go into accounting when a CPA spoke about the profession at his high school's career day. ... But Jones' story is uncommon. African-Americans make up only about 1 percent of all certified public accountants, according to a paper published this year by Howard University. ... Frank Ross, director of the Howard University School of Business Center for Accounting Education and one of the founders of the NABA, said lack of awareness about accounting, low success with the Uniform CPA Exam [UCPAE] and difficulty retaining African-Americans all contribute to the small number of African-American accountants. ... Often, young people in minority communities don't have the role models or mentors to teach them what accounting is about, said Gregory Johnson, executive director and chief operating officer of the NABA. ... The CPA Bound program, for example, supports people working to become certified, tracks their progress and recognizes them at NABA conferences after passing the [UCPAE]", my emphasis, Salvador Rodriguez at the Houston Chronicle, 15 June 2010, link:

What percentage of CPAs does Jones expect to be black? 13%? Estimating you need at least 120 IQ to pass the UCPAE, that's 1.33 STDV above the caucasian mean or thanks to hyperstaz, the .909 level. It's also 2.40 STDV above the black mean, the .992 black level, so why be surprised with the result?

4 comments:

Anonymous said...

Noted...

I wonder what are the Asian CPA stats?

Independent Accountant said...

Anonymous:
I have seen various statistics on this. As best as I can determine, 3% of Americans as Asian and 8% of American CPAs are Asian. If I find any better statistics, I'll let you know.

IA

Ubu said...

Guffaw, I remember discovering A. Jensen's G factor in college, and was floored; I also recall the horror with which my discovery was met by the faculty who knew who Jensen was. I had found the most subversive book of the century.

If you look carefully at what different ethnic and racial groups choose to do for a living, and parse the numbers that occasionally slip though the futile attempts to conceal them, a whole new world of interpretation opens up, one with far better explanatory power than, "we need better role models, etc, etc."

I bet the numbers for professional engineers are almost as bad as they are for accountants among blacks.

Independent Accountant said...

Ubu:
You are correct. Asians average about 50 points higher on the math portion of the SAT than caucasians. Coincidence? I don't think so. Look at the percentage of Asians enrolled at say, MIT. I assure you, it's over 10%.

IA