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Even CPA Firms are Facing “Supply Chain Issues”

It is no secret that the US is facing a serious shortage of accounting professionals and that will result in dire circumstances for the CPA profession and the market for CPA firm services. The latter point is always overlooked.

Accountants Head Overseas for Talent

The number of U.S. students completing a Bachelor’s degree in accounting fell about 8% in the 2019-2020 school year compared with the 2011-2012 period, shrinking to 52,481 graduates from 57,482, according to a 2021 report from the American Institute of Certified Public Accountants.