In this episode, we're continuing our focus on the pipeline issue but this time we're looking at it's impact on corporate America specifically. Companies, big and small, are citing a shortage of skilled accounting personnel for weaknesses in financial reporting controls. This deficiency is a significant predictor of potential restatements of financial statements, affecting not only CPAs and firms but also investors.
Dr. Rebecca Hann, Assistant Dean of Doctoral Programs at the Robert H. Smith School of Business, discusses her recent study, "The Price of an Accountant Shortage: Evidence from Job Vacancy Duration and Internal Control Weaknesses." We explore the study's key findings, including correlations between the shortage of accounting talent and the frequency and severity of internal control deficiencies, as well as the duration of job vacancies in accounting roles. Additionally, we consider the role of purpose, the "why" behind we do, in addressing this issue.
Tune in for this crucial conversation on the profound impact of the accounting profession's challenges.
Resources
210. Where will the pipeline dust settle? with Lexy Kessler
209. Is A.I. the answer? with Will Hill
208. The science behind purpose, with Britt Andreatta
207. A.I.'s keys: Curiosity, Usefulness, with Jason Staats
206. Not another leadership book, with Emmanuel Gobillot
205. A.I. strategy: Fire, ready, aim, with Pascal Finette
204. Out-of-the-gate A.I. strategies, with Don Tomoff
203. Investor-friendly audits? with Jack Ciesielski
202. Are you a reality-based leader? with Alex Dorr
201. Leading through change, with Okorie Ramsey
200. Talking tax ahead of busy season, with Steven Lyon
199. CAS opportunities in spend management, with Jayson Brannon and Dan Luthi
198. Hybrid work's sweet spot, with Alex Kirillov and Jim Brady
197. Inspiring next-gen CPAs, with Christine Aspell
196. Leading with significance, with Joey Havens
195. Tax and CAS: It works, with Jasen Stine
194. Packing the pipeline, with Liz Barentzen
193. The weak link in strengths-based work, with Marcus Buckingham
192. Tech, talent and the future of audit, with Christina Ho
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money