private equity is affecting even non-pe deals.
by terry putney
the rosenberg map survey: national study of cpa firm statistics
the profession as a whole has a significant problem attracting college graduates. the 150-hour requirement coupled with non-competitive compensation compared to finance degrees, as an example, is causing enrollment in accounting programs to drop and graduates to choose alternative careers.
more: outlook 2023: tech automation takes hold | irs hires will add pressures | look who’s making money now | capacity strategies drive change | top five trends | compensation gets creative | the office is over | accounting firms face up to private equity
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until the profession addresses these issues, firms are going to find it hard to recruit enough talent. we predict the use of alternative sources of talent, such as offshore, will continue to grow in response to this challenge.
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