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The Continued CPA and Accountant Shortage in 2023

The Continued CPA and Accountant Shortage in 2023

by Controllers Council | Dec 8, 2022 | Accounting Education, CPA/CPE, HR/Talent, Trends

Financial professionals are in short supply. Though the industry peaked in 2019, the number of accountants, CPAs, and corporate finance workers dropped by 17% by 2021, according to Bloomberg Tax Analysis, and the U.S. Bureau of Labor Statistics projects that...
Accounting Crisis – CPA Firms Face 75% Retirements

Accounting Crisis – CPA Firms Face 75% Retirements

by Controllers Council | Apr 14, 2022 | Accounting, Accounting Education, Career Development, CPA/CPE, HR/Talent

CPA firms are facing an upcoming severe staffing challenge. Almost 75% of the CPA workforce met the retirement age in 2020, as estimated by the American Institute of Certified Public Accountants (AICPA).  What’s more, the number of CPA exam candidates has drifted...
How the CPA Examination Is Changing

How the CPA Examination Is Changing

by Controllers Council | Jan 12, 2022 | Accounting Education, CPA/CPE, HR/Talent, Training

In 2021, the National Association of State Boards Accountancy (NASBA) and the American Institute of CPAs (AICPA) announced a joint effort to remodel the Uniform CPA examination.  The effort is fueled by changing technology and the drive for CPAs to adapt to the...
Controllers vs. Comptrollers: Comparing Two Career Options

Controllers vs. Comptrollers: Comparing Two Career Options

by Controllers Council | Jan 10, 2022 | Accounting Education, Comptroller, Controller Insights, HR/Talent

When you’re planning out your accounting career, it’s important to understand what is required to earn the executive role that you are interested in. Your accounting experience and skills will increase over time. However, you want to ensure that you develop the...
IMA Report Outlines Entry-Level Skills for Accountants

IMA Report Outlines Entry-Level Skills for Accountants

by Controllers Council | Jan 3, 2022 | Accounting, Accounting Education, HR/Talent, Professional Growth

In December of 2021, the Institute of Management Accountants (IMA) released a report outlining essential skills that entry-level accountants should have as they begin their careers.  The report recognized that the accounting profession is changing, which emphasizes...
The Top Accounting Organizations in 2022

The Top Accounting Organizations in 2022

by Controllers Council | Dec 23, 2021 | Accounting, Accounting Education, Top Recommendations

As an accounting professional, you understand the importance of maintaining your license as well as pursuing continuing professional education (CPE). You can find support with CPE from one of the many accounting organizations that operate in the U.S.  These include...
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