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mandyama t1_je23xnv wrote

Wonder what r/accounting thinks about this?

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KAKOW_ t1_je67c25 wrote

I can tell you that the regulations and amount of work increases, but the pay stagnated. This has trickled down to fewer accounting grads entering public accounting to audit these companies. At the same time, the number of accounting grads has declined as other careers like data science have become more attractive and intellectually challenging for students. The AICPA is trying to change the CPA format to attract more candidates, but I see that as a stalling tactic instead of addressing the true cause for the drop in new accounting grads.

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mandyama t1_je6bdt6 wrote

Very true! PA is grueling, at least from what I understand. Incredibly long hours with pay that’s unacceptable is not a formula for a strong workforce or one that’s going to weed out this type of fraud. Excellent take.

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TheGinger_Ninja0 t1_je6xadu wrote

This accountant is unsurprised.

Ever since citizens united, corporations and rich people became king of the land.

They're not super fond of regulations, enforcement, and taxes

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