New AICPA Data Reveals Concerns in the CPA Pipeline
Despite a 12% increase in accounting enrollment in 2024, degree completions are lagging, and the job market is offering fewer entry-level opportunities.
A recent report by the AICPA highlights the disparity between education and employment in the accounting field. According to the National Student Clearinghouse data, bachelor's degrees in accounting fell by 10.3% from 2021-2022 to 2022-2023, with a slower decline of 3.3% the following year.
The report also notes that the Big Four have reduced their campus recruiting classes, and automation is increasingly handling tasks that previously filled first-year jobs in audit and tax.
Is accounting's effort to revive the CPA credential and its value too little, too late?
Author's summary: CPA pipeline faces challenges despite enrollment growth.
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