There’s a paradox going on.
By CPA Trendlines Research
A working paper by three academics presents a paradoxical contradiction in the accounting industry. Somehow, technology, which is starting to replace some accounting functions, is causing a shortage of accounting professionals. And despite the high demand for the few graduates who major in accounting, starting salaries are lower than in related professions.
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And in a related paradox, technology’s most powerful tools may be augmenting the accountant’s workload.
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