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:
172. Resilience, perseverance and strength, with Kelly Mann
171. CPA 101, with Jerry Maginnis
170. Changes of state, changes of thought, with Pascal Finette
169. The power of curiosity, with Todd Kashdan
168. Showcasing possibility, with Dalton Tong
167. Cybersecurity is everyone’s business, with Clar Rosso
166. Remembering Maryland's first Black CPA, with King, King & Associates
165. Auditing for ESG, with Ami Beers
164. The importance of legislative advocacy, with Tom Hood
163. Dousing burnout, with Dr. Britt Andreatta
162. The search for work … and for workers, with Lauren Welkie
161. How finance can leverage A.I. for good, with Neil Sahota
160. What’s new in tax? With Edward Karl
159. Barrett Young ... the strongest CPA you've ever seen?
158. Our profession’s future? 'All are welcome,' with Crystal Cooke
157. Managing your remote teams, with Jennifer Wilson
156. Off-script: Better leadership through improv, with Peter Margaritis
155. Augmented reality and the future of the profession, with Dina Broydo and Rachelle Hernandez
154. Accounting's future rests with people who care, with Dr. Freeman Hrabowski & Kimberly Ellison-Taylor
153. Remembering 9/11
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