If you are an accountant or work in an accounting- or finance-related field, you\u2019ve probably heard the term \u201caccountant shortage\u201d. And no surprises, in 2025, the use of the term has not died down; on the contrary, the shortage has ballooned into somewhat of a crisis. Between 2020 and 2022, around 300,000 accountants and auditors’ mass-retired from the industry. <\/p>\n\n\n\n
The AICPA describes the \u201caccountant shortage\u201d in US<\/strong> as having transcended into a \u201cpipeline crisis\u201d. According to NASBA, there are 653,408 licensed accountants in the US as of August 28th, 2025, down from its peak of 1.93 million in 2019. As a result, CPA firms are experiencing the direct impact of this shortage of, which is leading to increased workload and burnout, limited or compromised services for clients, low-quality services, and a higher risk of non-compliance due to increased chances of errors and oversight.\u202f <\/p>\n\n\n\n \u202fSo, how are CPA firms supposed to combat this growing crisis? This blog answers this important question while helping CPA firms get a holistic view of the \u201cskills vacuum\u201d in the accounting industry.<\/p>\n\n\n\n