Accountants in small and midsize practices around the world are increasingly coping with a talent shortage, according to a new survey by the International Federation of Accountants.

Attracting new staff and retaining existing staff ranked among the top four challenges this year for the first time in IFAC’s annual Global SMP Survey. The other three top challenges frequently rank high on the survey: attracting new clients, keeping up with new regulations and standards, and pressure to lower fees.

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