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By Girard Miller, Governing (TNS) S&P Global Ratings recently withdrew its credit ratings on 64 local governments after they failed to file financial updates on time because of staff shortages and delayed audits. Meanwhile, accounting firms were always happy to fill their off-season job calendars with state and local government audits.
So what can we do about it beyond complaining, holding conferences and meetings to discuss it, and rehashing the same AICPA data points that are repeated in every article ever written about the accountant shortage? He also speaks about a potential untapped resource for talent at the workforce level: accountclerks.
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