Dodge the perfect storm of quiet quitting, the great resignation and busy season.
By Chis Vanover
Chris Vanover is an outspoken survivor of the Big 4 and PCAOB and has committed himself and AuditClub.cpa to helping transform how public accounting firms deliver audit and assurance services.
The accounting industry is facing a growth in demand but suffering a squeeze on available talent.
Bloomberg Tax calculates that the number of accountants and auditors employed fell 17 percent between 2019 and 2021. The shortage starts on the supply side: The number of U.S. students completing bachelor’s degrees in accounting declined from 2016 to 2020, according to the AICPA’s 2021 Trends Report.
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The short supply is aggravated by high turnover and growing demand. Accountants have been leaving corporations and audit firms in record numbers. Though it’s been expected for some time that baby boomer retirements would produce a talent crunch, the crunch has been earlier and tighter than expected because of the great resignation.
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