The Economy—Effects on Business and Employment at CPA Firms

Source: CPA Trendlines
In a current survey by CPA Trendlines accountants are asked about the economy’s effect on business, hiring, and jobs. Here are two of the questions:

• Over the next six to 12 months, how will the number of professionals employed at your company or organization change?
• In your own words, how do you REALLY feel about business and employment conditions today?

Here are some of the comments on these and other questions:

• Our office is still very busy so we have not seen a downturn
• No slowdown other than I can see slightly lower raises.
• Hard to collect money and clients are having difficult times.
• Have so many recruiters contacting me with opportunities I feel there must be a shortage of talent at my level.
• Every firm seems to be understaffed and good staff is in high demand.
• Things may be slowing, but small businesses need CPAs more than ever for help in weathering the storm.
• Employment outlook for public CPAs must be at an all-time high. Economy is slowing, but finance/accounting jobs seem to be in relatively high demand.
• Given the impending baby boomer retirements coupled with growth in business complexity, I think there will be an increased demand for accountants, particularly those with at least one of the certifications CPA, CMA, CIA and so on.
• Public accounting industry is understaffed.

For the complete article, click here.

From CPA Trendlines, Bay Street Group, www.cpatrendlines.com August 27, 2008.

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