Vinita Weir, Manager, Audit & Accounting, recently co-authored a post with Matthew Wheatley, Founder of Veritrove, on why you should consider a chartered accountant staffing solution for PICPA's CPA Now blog.
With two-fifths of current U.S. CPAs being baby boomers (roughly ages 58 to 75), a great wave of retirements is getting underway. Combine this with the fact that the rate of new CPAs joining the profession is falling, and this means a dangerous shortage of qualified CPAs is looming.
Vinita and Matthew explain that many of the larger accounting and consulting firms that are facing difficulties recruiting have been actively advocating for staff with chartered accountancy qualifications joining the ranks of CPAs, and the National Association of State Boards of Accountancy (NASBA) has been supportive of chartered accountants obtaining the CPA qualification.