Revitalizing the Appeal of Accounting
In the world of TikTok, the term “accountant” is often used as a euphemism for a sex worker. However, the American Institute of Certified Public Accountants (AICPA) is on a mission to change that perception and make accounting an attractive career choice for young professionals. With 27,000 followers on TikTok, the AICPA is using the platform to showcase career tips and real-life stories of young accountants, aiming to reverse the declining interest in the profession.
The number of accountants and auditors in America has decreased from nearly 2 million in 2019 to 1.6 million last year, with a significant portion of the workforce nearing retirement age. This trend has led to a shortage of accounting professionals, impacting businesses across various industries. For example, Advance Auto Parts cited the loss of accounting personnel as a reason for delaying regulatory filings, and over 700 companies reported potential errors in their financial statements due to a lack of accounting personnel.
2024-03-27 09:12:34
Link from www.economist.com