Last year, we wrote about the looming accounting shortage and how year-over-year growth in the accounting industry was down 2%. At that time, we thought the situation was limited to a reduction in the total number of accountants available to hire based on graduation rates, the economic environment, and typical turnover rates at firms.
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Every industry experienced massive shifts in 2020, and accounting is no exception. Stemming from all we learned in the last year, the burning question for 2021 is simply, “What’s next?”