CPA Firm Leverage Ratios Collapse as Headcounts Hit Five-Year Low

Recession sees big drop in accounting and bookkeeping employment.

The First Decade, 2000-1010: Accounting and bookkeeping services, all employees, in thousands, seasonally-adjusted

by Rick Telberg

As headcounts in the accounting and bookkeeping industries continue to decline, a new CPA Trendlines analysis suggests that partners and senior managers are taking on more of the duties once handled by staffers.