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How the Accountant Shortage is Impacting Businesses: What You Need to Know

Outsourced Bookeeping

The global accounting shortage is real. alone is short of more than 340,000 accountants, highlighting the accounting industry’s significant gap between supply and demand. accountants have left their jobs in the last two years alone. According to Bloomberg, the U.S. According to CNBC, more than 300,000 U.S.

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Understanding the Root Causes of the US Accounting Resource Shortage

Outsourced Bookeeping

In 2020 alone, accounting graduates dropped by 2.8%, while master’s graduates saw an 8.4% The issue goes two steps deep—CPA exam participation also dropped by 7%, the lowest level since 2006. Understanding the Root Causes of the US Accounting Resource Shortage The result? Let’s get started!