Extinction ahead: The next generation of would-be CPA could be one of the last.
By CPA Trendlines
Is the CPA profession doomed to die out?
It’s too soon to say, but the signs aren’t good. The need for public accountants is bound to continue, but will there be accountants to fill that need? It’s already hard to find qualified, certified professionals, and a peek in the pipeline shows no improvement.
RELATED: Matt Wilkinson: Think Small to Think Big | How to Communicate Your Value | Payroll Services Rocket with U.S. Economy | Internal Communication Can’t Be Overlooked | Top Issues: Talent, Time, and Transformation | The Disruptors: Re-Inventing Accounting with Tyler Anderson | Making Partner: The Essential Metrics | Stop Complaining and Start Innovating | Staff Retention for Remote Workers | 4 Top Communication Habits | How to Measure Partner Potential | Staffing Shortage Cripples Growth at 40% of Firms | Is It Time to Outsource?
More in RECRUITING & TALENT MANAGEMENT
Exclusively for PRO Members. Log in here or upgrade to PRO today.
The AICPA has been warning us about this trend for several years. The AICPA Trends Report of 2019 saw bachelor’s, master’s and Ph.D. accounting enrollments down four percent, six percent and 23 percent from the already low levels of 2018. Meanwhile, the Illinois CPA society reports that less than half of all accounting graduates even bother sitting for the CPA exam.
TO READ THE FULL ARTICLE
