The CPA Crisis
In an article about mistakes in financial statements of public companies, Bloomberg reports:
While it’s unclear what exactly led to the mistakes in each of these cases, one major risk factor has reached crisis levels: a shortage of certified public accountants.
Seasoned practitioners are retiring while the profession isn’t drawing the next generation of workers entering the labor market. The lack of help means current accountants’ hours and workloads can be grueling, upping the odds of mistakes and burnout.
https://www.bloomberg.com/news/articles/2024-03-01/severe-cpa-shortage-risks-creating-expensive-corporate-errors?sref=uLYelN9H (may have paywall)
