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...
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...
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...
by Controllers Council | Nov 24, 2021 | Accounting Education, CPA/CPE, Top Recommendations
Becoming a CPA and forging ahead with an accounting career requires amongst many things, quality education. With an accounting degree, graduates earn a skill set that can be applied in fields such as financial management, financial advising, forensic accounting and...
by Controllers Council | Sep 28, 2021 | Accounting Education, CPA/CPE
Mundane accounting processes are now done by computers. Creating less need for accountants, especially entry-level CPAs and bookkeepers. Also, the pandemic spurred the demand for contactless transactions, further aggravating things. There’s increased automation, data...
by Controllers Council | Jun 25, 2021 | Accounting, Artificial Intelligence (AI), CPA/CPE, HR/Talent, Professional Growth
The value of any job depends on a number of factors, but salary is often one of the primary considerations. In an age where the demand for accountants is greater than the supply, it’s important for companies to offer competitive salaries to hire and retain qualified...
