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CHARTS & GRAPHS

The Myth of the Staff Shortage

NEW GRADUATES HIRED BY US CPA FIRMS 1971-2016
New graduates hired by U.S. CPA firms, 1971-2016. (AICPA)

 

Demand for new hires softens as college talent pipeline sets record.

By Rick Telberg
CPA Trendlines

The next generation of accountants in the collegiate pipeline set a record last year and remains at that level this year, even as firms appear to be backing off on expanding headcounts with new graduates, according to new research.

MORE in STAFFING & RECRUITING: Marketing Is Not Just for Partners Anymore  |   A Simple Way to Dissolve the Generational Gap | Accounting Profession Shows Steady Growth | Growing and Developing Future Leaders Is a Two-Way Street |   How Accountingfly Is Revolutionizing the Way CPAs Are Hired | The 7 Experiences Millennials Want from Your Firm | The Culture of Continuous Improvement |   The 12 Reasons Your Staff Hates Your Firm | What Commitment Means Now | How Good Is Your Network?

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CHARTS & GRAPHS

What’s the Profession Going to Do with 79,000 New Accounting Graduates?

College degrees awarded in accounting, 1971-2016
College degrees awarded in accounting, 1971-2016. (AICPA)

Is the end in sight for the talent shortage?

By Rick Telberg
CPA Trendlines

New signs are emerging that the profession may be approaching a long-awaited inflection point: Productivity gains from new technologies are finally showing up in reductions in hiring plans. That’s good news for some; not so much for others.

MORE in STAFFING & RECRUITING: Marketing Is Not Just for Partners Anymore  |   A Simple Way to Dissolve the Generational Gap | Accounting Profession Shows Steady Growth | Growing and Developing Future Leaders Is a Two-Way Street |   How Accountingfly Is Revolutionizing the Way CPAs Are Hired | The 7 Experiences Millennials Want from Your Firm | The Culture of Continuous Improvement |   The 12 Reasons Your Staff Hates Your Firm | What Commitment Means Now | How Good Is Your Network?

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Are we on the verge of a CPA glut? Are we going to see lines of unemployed accountants at the entrance of industrial parks holding signs that say, “Will do tax prep for food”?

 

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OUTLOOK & ANALYSIS

Cyber Sleuths Muscle Accountants Aside in Forensic Investigations

Chart of desirable skills
Source: ACFE

Teams want more cyber-security experts than accountants.

By CPA Trendlines Research

Fraud investigation teams are currently seeking or expecting to add people with skills in digital forensics and cybersecurity, according to a new benchmarking survey from the Association of Certified Fraud Examiners.

MORE: Focus on Cyber Risk, Not Just Security   |  You’re Not Tech-Savvy If You’re Not Cyber-Safe, Too  |  SURVEY: Cybersecurity Grows in Importance  |  Do You Belong In Cybersecurity?  |  Why CPAs Need to Worry about Cyber Crime (Especially in Tax Season)  |  Hackers Using Hotel WiFi to Spy, Steal Data

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Interviewing tops the list of desirable skills, followed by litigation support, data analytics and social media snooping. Forensic accounting comes in fifth. READ MORE →

ABOUT US

CPA Trendlines Salutes Our Expert Authors Honored by CPA Practice Advisor

Rampe, Johnson, Hostetler cited.

CPA Practice Advisor’s 40 Under 40 Awards this year include several CPA Trendlines expert authors, including:

  • Kristen Rampe, CPA – Founder, Kristen Rampe Consulting.  More here
  • Kacee Johnson, MBA –  Founder/CEO, Blue Ocean Principles. More here
  • Dustin Hostetler –Shareholder, Chief Innovation Officer, Lean Six Sigma Master Black Belt, Boomer Consulting, Inc.  More here

The annual program recognizes professionals who are “visibly and incrementally changing the accounting profession.”