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Over the past two years, more than 300,000 accountants and auditors have left their positions, marking a 17% decline from the peak of the profession a few years ago. The Talent Pipeline Shortage In the past, public accounting experienced a natural cycle of employees moving up the ranks as older, established CPAs met retirement age.
consulting partners by more than 50% compared with last year as demand for advisory services continues to slow and the firm reorganizes its business lines. The Big Four accountingfirm is considering adding about 85 U.S. Ardoino stated, “None of the Big Four firms are willing to audit us.”
By Paula Laurenti, Key Accounts Manager at SAPRO. accounting profession is facing a severe shortage of certified accountants. Projections indicate that demand for accountants and auditors will increase by 13% between 2021 and 2031, with an estimated 136,400 job openings between 2021 and 2023.
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