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The Accounting Podcast
Listener Mail: Finding Balance with Tech & CPA Pipeline Problem
Jan 30, 2024
Topics explored in this podcast include working as a TurboTax preparer, barriers faced by career-changers entering public accounting, root causes behind accounting's heavy workloads, licensing rules and firm profitability shaping experiences, the norm of using bank statements for loans in Puerto Rico, creating a 'paralegal' type license in the accounting field, ways to mitigate busy season, and the importance of hiring experts and building client relationships.
01:07:12
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Quick takeaways
- Addressing age discrimination and improving job opportunities for career changers in public accounting by streamlining education requirements and increasing market prices.
- The need to reshape the CPA brand and address the profession's image problem by raising market prices ethically to incentivize higher firm profitability and reduced working hours.
Deep dives
Challenges Faced by Career Changers in Public Accounting
This listener recounts their frustrating experience trying to break into public accounting as a career changer. Despite completing the necessary education and passing the CPA exams, they faced age discrimination and struggled to find suitable job opportunities. The listener suggests that the CPA profession should focus on streamlining the education requirements and driving market prices higher to incentivize firm owners to pay employees more and reduce working hours.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode