Stopping Finance and Accounting Exodus
Recorded from the most recent Financial Executives International Forward Thinking series, listen to leaders from academia, recruiting and a state accounting board discuss what can be done to fix the system.
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Show Notes
Towards the end of last year in December 2022, the Wall Street Journal reported that more than 300,000 US accountants and auditors had left their jobs in the past two years.
On the academic front, they reported that college enrollment for finance and accounting degrees fell by 17%. Now, this mass exodus of finance and accounting professionals is not entirely a new phenomenon. We've heard a lot over the last couple of years about the COVID 19 induced great resignation and of quiet quitting. But where these conversations fall short is addressing what happens next?
What happens now when employers can't fill the gap that's been created by the number of people who have left their finance and accounting jobs? And what does this trend or these generational shifts really mean for the industry at large?
Special Guests: Dr. Wayne Williams, Elizabeth Brown, and Richard Deosingh.