Insightful Accountant | Blog

Critical Accountant Shortage

Written by Christine Gervais | Jun 21, 2024 9:47:43 PM

The accounting profession’s staffing shortage has finally reached critical status after nearly a decade of declining accounting graduates. A drop in CPA exam candidates and an aging workforce in existing firms are both attributed to crisis-level shortages. The critical status was made obvious in a recent CPA Trendlines survey that revealed over 42% of accounting firms nationwide were turning away work due to staffing shortages. What’s further is another 24% said they were approaching burnout.

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