Like this if you want Tax Senior 1 to just stop.
Related Posts
Rising Star
...or outlook for me.
Rajma is bae 😍
Anyone on bench reporting to airoli office?
Coach
Additional Posts in Accounting
How are the hours at SF’s KPMG AI group?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
I am sad I can only like it once
I don’t believe your anecdote is a normal occurrence Director 2. I believe near-term turnover has decreased due to economic conditions. As soon as those conditions improve, other industries will continue to poach our talent.
Respectfully, Audit Manager, we are in a white collar recession. The stock market is overvalued. Prices and interest rates are high. Household debt is at a record high. U6 unemployment is high. Consumer confidence is declining. I wouldn’t say the economy is doing fine.
Pro
@fishbowlmods BAN THAT MAN
This clown thinks they have clout here on FishBowl when we all know they are simply an attention whore that has zero life.
Chief
Just keep reporting
Rising Star
What did he do 👀
And still no one cares. It is irrelevant to this bowl and therefore against policy. You don’t seem to grasp this is not the Tax senior bowl.
who is this person??
People in this bowl love to dunk on TaxSenior1 but in many respects, he is right. Let’s look at the numbers. Only 2% of CPAs make it to Partner according to the AICPA and we all know there are plenty of non-CPAs in public accounting. Moreover, 75% of CPAs are retirement age according to the AICPA which means the pool of talent is thinning. To compound this problem, the amount of people sitting for the CPA has precipitously declined from 102K in 2016 to 67K in 2022. If that isn’t glaring enough, 300K accountants and auditors left their jobs between 2019 and 2021 which was almost 20% of the accounting workforce. This all shows that the industry need to change. The 🥕 of making Partner is ridiculous considering the commitment involved and how few CPAs actually make it. It is even more absurd when you consider how everyone below them has zero equity. Moreover, it an objective fact that starting pay in public accounting has not kept pace with inflation or the cost of living. There needs to be a fundamental restructuring of the business model to incentivize the next generation and it starts with offering higher compensation and incentives to match the competition i.e. tech, finance, etc.
I don’t believe associate quality has fallen. I think training has become insufficient. You shouldn’t be in a position of leadership if you won’t develop your staff.