The many Boomers partners of firms who are planning to retire or slow down is being viewed as generating firm succession and staffing issues. Similarly, another expressed concern is the declining number of Ph.Ds. in accounting, which hurts the pipeline of incoming accounting graduates to the profession. A partner in a national firm also commented that he was alarmed by the many college professors teaching accounting who don’t have a familiarity with U.S. businesses.
These concerns always seem to be talked about and the fixes seem to be to encourage more individuals to enter the profession or go for Ph.Ds. It is a solution, but a rather long-range one.
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