[IMGCAP(1)]I recently returned from a two-day meeting in New York City with many of the most influential consultants to the accounting profession, and without exception we all agreed that the impending talent shortage as the baby boomers retire will have a profound impact on the structure of accounting firms, which in turn will force accountants to change the way they practice.

According to recent AICPA demographics, over 50 percent of their members are currently baby boomers (1946-1964) or older, and as they age in place there are several challenges that must be addressed.

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