Can the accounting profession overcome its talent shortage?
The National Pipeline Advisory Group spent 12 months studying the future of the accounting profession. Their data-driven findings reveal surprising insights about attracting new talent and retaining emerging professionals. Host Dr. Kristy Short and Jennifer Wilson, co-founder of Convergence Coaching, discuss key findings from the comprehensive report, including ways to enhance academic experiences and improve CPA exam support. Discover how individual actions combined with national collaboration could revolutionize the future of accounting.
Watch the full episode on YouTube or Vimeo.
Episode highlights
- 📊 Pipeline statistics: Only one in nine business students who take a Principles of Accounting course choose to become accounting majors.
- 🎓 Academic innovation: Making accounting coursework more engaging through real-life case studies, technology integration and practitioner involvement can attract more students.
- 🫱🏽🫲🏿 Individual impact: Every accounting professional can contribute to solving the challenge by telling better stories and engaging with students.
- 👥 Cohort support: Creating structured support systems for CPA candidates significantly improves exam pass rates. This includes study resources and dedicated mentors.
- 📈 National coalition: Unifying professional associations, firms and educators creates stronger solutions for growing the accounting pipeline.
- 🌟 Career diversity: Expanding awareness of varied career paths in accounting beyond tax and audit helps attract more diverse talent.
About The Modern Firm podcast
This episode of The Modern Firm podcast was brought to you by Rightworks. It was moderated and led by Dr. Kristy Short, Senior Director of Content Strategy at Rightworks, with Co-founder and Partner of Convergence Coaching Jennifer Wilson as the guest.
For more episodes, recaps and resources, visit rightworks.com/resources/podcasts.