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3 reasons for the accountant shortage (and how CPA firms can attract candidates in 2023)

Accounting Insight

If you’ve followed financial news over the past several months, chances are you’ve seen at least one headline about the ongoing accountant shortage. Maybe you’ve even experienced the pains of struggling to hire candidates at your firm. But why has the accounting profession become so unattractive? Salaries matter.

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In 2019, Academic Researchers Tried to Answer the Question ‘Is Accounting a Miserable Job?’

Going Concern

Misery in accounting is timeless after all. Plus it’s relevant given the ongoing accounting pipeline problem and concerns about accountant shortages as the paper talks about how the stereotype of “the miserable accountant” actually draws people to the profession for whom misery is a good fit.

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AICPA Says it Has a Plan to Fix the CPA Talent Shortage

CPA Practice

One of the biggest questions currently being asked by many throughout the accounting profession is, “How can we make accounting more appealing to students?” There’s plenty of accounting jobs out there that need to be filled— more than 300,000 accountants and auditors have left the profession in the past few years.

CPA 98
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Friday Footnotes: A (Fake) Day in the Life at Deloitte; DYNAMIC Merger For Grant Thornton; CPA Awareness | 12.9.22

Going Concern

Financial advisory company AlixPartners was chosen for the task and is led by former Securities and Exchange Commission (SEC) chief accountant Matt Jacques, according to a Dec. The Justice Department has accused Rikesh Thapa of defrauding his startup tech firm of more than $1 million in U.S. 7 report from the Wall Street Journal.

CPA 98