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The issue goes two steps deep—CPA exam participation also dropped by 7%, the lowest level since 2006. Understanding the root cause is key for any business or CPA firm to protect itself from the consequences. If you are a CPA firm or a business in the U.S.
The talent pipeline is also drying up as the number of students taking the CPA exam continuously drops yearly, the 2024 numbers being the lowest since 2006. Following that, with inputs from our accounting experts at OutsourcedBookkeeping, we’ll explore strategies that can address the overall shortage and mitigate its impact.
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