Higher Pay, Clear Career Paths, and Less Stress: A Price to Pay for Revitalising Accounting Careers

Shortage of accountants is a major concern

The shortage of accountants has been an international concern, highlighted at the AICPA Engage Conference where the National Pipeline Advisory Group (NPAG) emphasised the crucial role of employers in addressing this issue. They discussed the need for better salaries, more support for CPA exam preparation, and improved career growth opportunities.

What is the solution?

The Group further identified that low pay and inadequate study time for the CPA exam are major deterrents for potential accountants. They suggested that employers should offer higher pay, clear career paths, and help reduce work stress. Additionally, the panel stressed the importance of enhancing accounting education and making the field more welcoming to diverse groups to attract more talent into the profession.