In this episode of "The Practicing Accountant," Dan and Doug discuss the challenges facing the accounting industry, focusing on the recently released draft strategy report by the AICPA's National Pipeline Advisory Group. They emphasize the importance of transforming employer cultures and business models to address the declining pipeline of new accountants entering the profession. Key strategies include creating a compelling story about accounting careers, improving college experiences for accounting majors, reducing education costs, supporting CPA exam candidates, expanding access for underrepresented groups, and transforming employer cultures.
Dan and Doug encourage listeners to sign the pledge at accountingpipeline.org and commit to taking two actions to support the pipeline. They also highlight the need for firms to create a better experience for their teams and clients by raising prices, firing unprofitable clients, and focusing on value-based pricing.
For more insights, or to join the membership, visit thepracticingaccountant.com).
Discussed in this episode:
https://www.accountingpipeline.org/draft-report/)
https://www.accountingpipeline.org/)
https://www.youtube.com/watch?v=qEJ4hkpQW8E)
