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:
92. Don’t panic: Coronavirus questions for your business, employees, and clients | with Jennifer Elder
91. How to Become a Better Anticipator | with Rita McGrath
90. How Bots Free Us to Focus on What Matters Most | with Jody Padar
89. Cutting Through the Hype of Blockchain | with Keith Nichols
88. Thinking Exponentially & Embracing Disruption | With Jeffrey Rogers
87. Innovation in CPA Firms: Where it Begins & What it Looks Like | with Jonathan Kraftchick
86. Preparing for Tax Season 2020: State Tax Questions Answered by the Maryland Comptroller | with Peter Franchot
85. Preparing for Tax Season 2020: Cyber Security, New W-4s, TCJA, & More | with Cari Weston
84. Supporting & Cultivating New-Gen Accountants | with Monique Malcolm-Hay
83. Why Your New Year’s Resolution Should Be Delegation | with Emily Morgan
82. Client Accounting Services: Lessons from a 15-Year CAS Veteran | with Robin Thieme
81. How Public Practice Needs to Transform (Soon) | with Lexy Kessler
80. Future-Ready Leadership | with Rachel Druckenmiller
79. Playing the Infinite Game | with Stephen Shedletzky
78. Are You Designed for Digital? | with Jeanne Ross
77. How to create a joyful place to work (and why you should) | with Richard Sheridan
76. Opportunities and challenges of the next Industrial Revolution | with Marchelle Klippenstein and Jameson Hughes
75. The (Uncertain) Future of Audit | with Mark Miklosovic
74. The Why of It All: Addressing Recruitment & Retention Woes | with Alan Jagolinzer
73. Writing: The Future-Ready Skill You Didn't Know You Need | with Bob Dean
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