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In ongoing accounting crunch, where to go for sales tax help?

TaxConnex

More generally, accounting talent pool concerns are pressing even for accounting firms , as enrollment rates of accounting students continue to fall. The accounting education pipeline is drier than ever even as accounting degrees require many additional course hours. in 2022, up 1.3%

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Number of Accounting Grads Continues to Shrink

CPA Practice

post-secondary accounting degrees fell sharply in the 2021-22 academic year, according to a biennial American Institute of CPAs (AICPA) report on trends related to accounting graduation rates, the CPA Exam and hiring demand by accounting firms. Master’s degrees earned at private institutions fell 10.9%

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State of the Accounting Profession 2022 Via the AICPA Trends Report

Going Concern

By 2014 however, the benevolent overlords at the AICPA noticed a troubling statistic: despite record enrollments, this abundance of accounting students did not appear to be pursuing the CPA exam as expected. In other words, more people than ever were graduating with accounting degrees but CPA exam candidate numbers stayed the same.

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Number of CPA Exam Takers Continues to Dwindle

CPA Practice

The number of CPA candidates who took the Uniform CPA Examination in 2022 was about 7% lower than the previous year, the Financial Times reported on May 28. The number of CPA hopefuls who took the exam has decreased each year from 2017 to 2022. FT reported that was the lowest amount of CPA exam takers in at least 17 years.

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Revitalizing the Accounting Talent Pipeline

CPA Practice

As soon as sophomore year of college, accounting majors seemingly already have internships lined up for consecutive seasons, and some even have “offers in-kind” for when they graduate. The American Institute of Certified Public Accountants reported that graduates receiving bachelor’s degrees in accounting dropped nearly 10% from 2012 to 2022.

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The Philippines is Running Low on Accountants and US Firms Should Be Worried

Going Concern

This is from CNN Philippines in March : The country is facing a shortage of accountants as college enrollment for this field of study dropped while those licensed chose to work abroad, a group of certified public accountants said on Friday. Additionally, US accounting degree completions peaked in 2015-16 and have trended down since.

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College Accounting Programs Are Taxpayer-Funded Training Programs for the Big 4 and Other Such Muckraking

Going Concern

The AACSB only accredits those schools providing the Big 4 demanded curricula, eliminating from accreditation any school offering alternative small-business accounting education tracks to the exclusion of nearly ½ of American businesses. September 29, 2022. June 28, 2022. February 15, 2022.

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