To say that it is the most respected is bullshit. Accountants run the world and it's not even close.
I would agree that it isn't the most respected. It is one of the more respected professions historically, but certainly not the most.
Although I would disagree that accountants run the world, and they are also not near the top of the list of most respected professions. But regardless, I personally respect accountants. And further, I respect nearly any job. Anyone willing to work and do what they need to to provided for their families is honorable in my book. I find it pointless to argue over the respectability of our jobs.