{"id":1346,"date":"2008-07-08t00:26:07","date_gmt":"2008-07-08t05:26:07","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=1346"},"modified":"2024-08-14t11:30:21","modified_gmt":"2024-08-14t15:30:21","slug":"gary-boomer-on-the-staffing-crisis","status":"publish","type":"post","link":"\/\/www.g005e.com\/2008\/07\/08\/gary-boomer-on-the-staffing-crisis\/","title":{"rendered":"gary boomer: on the staffing crisis"},"content":{"rendered":"

four reasons why cpa firms lose young professionals. and what to do about it.
\n<\/strong><\/p>\n

by l. gary boomer<\/em><\/p>\n

i think there are obvious reasons accounting graduates are not sitting for the cpa exam and staying in public accounting. some of the more relevant reasons are:<\/p>\n

1. a large percentage are going into private accounting<\/strong> right out of school. (about 70% from the last statistics i saw.)<\/p>\n

2. firms work them too many hours<\/strong> and don’t provide the required technical, soft and it training. it is all about the charge hour in most public accounting firms.<\/p>\n

3. the exam is difficult and many candidates procrastinate.<\/strong> firms need to develop fast track programs for getting people through the exam as quickly as possible. existing cpas de-motivate many candidates by referring to how the exam is easy since is computerized. most cpas can’t tell you the four parts, nor could they pass it today.<\/p>\n

4. many firms are top heavy<\/strong> and younger people don’t see their significance or buy into the vision of the firm.<\/p>\n

most of these are negative, but all progress starts with the truth. the one thing firms should communicate is that a cpa can have the 10 to 20 lifetime jobs talked about by the generational experts . they can even be with the same firm. the cpa certificate provides a multitude of opportunities.<\/p>\n