This week, we're diving into a well known, critical issue gripping our profession: the shortage of CPAs. It's a widespread challenge impacting businesses, causing staffing gaps, burnout, and compromised client service. The scarcity of expertise has escalated workloads, hindered recruitment and retention, and even led some firms to decline work due to insufficient manpower. To combat this, many organizations are resorting to measures like increasing compensation and offering more flexible work arrangements. The profession is undergoing a transformation to adapt and survive.
The ramifications extend beyond the accounting realm, influencing how businesses operate at large. Solutions are being sought across various fronts, including regulation, education, and cultural shifts. At the forefront of these discussions is our guest, Lexy Kessler, Mid-Atlantic Regional Leader and Partner at Aprio as well as a former chair of MACPA Board of Directors, who now chairs the National Pipeline Advisory Group. This group is spearheading efforts to formulate a unified strategy to address the talent shortage, leveraging unbiased research and stakeholder input. They've launched a national survey to gather insights and ideas for tackling this issue head-on. In our conversation, we delve into the progress of this initiative, its timeline, potential outcomes, and the individual CPA's role in bolstering the pipeline
Resources:
192. Tech, talent and the future of audit, with Christina Ho
191. The future of finance, with Tom Hood
190. Benchmarking CAS, with Amy Bridges and Beth Allen
189. The alchemy of accounting, with Ingrid Edstrom and Mathew Heggem
188. U.S. joins global e-invoicing movement, with Alex Baulf
187. Cybersecurity: Knowledge is power, with Stan Sterna
186. The many faces of inclusion, with Jessica McClain
185. An advocate for the people, with Brooke Lierman
184. Ethics in A.I., with Enrico Palmerino
183. MarylandSaves: Retirement savings made easy, with Glenn Simmons
182. Cultural Opportunities....and Landmines, with Stacey Rodgers
181. The ABCs of ESG, with Alyssa Rade
180. Health is wealth, with Jill Myers
179. Getting meta about virtual worlds, with Glenn Friedman
178. Anoop Mehta: A blueprint for growth
177. Value starts with relationships, with Michelle Golden River
176. Burn ladders, build bridges, with Dr. Alan Patterson
175. Riding out the Great Resignation, with Gabrielle Bosche
174. Tax compliance circa 2022, with Sona Akmakjian
173. Regulation's revolution, with Mike Manspeaker
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