What smart companies in America are doing to overcome the accounting talent shortage

Krista Nelson for Near

What smart companies in America are doing to overcome the accounting talent shortage

Accounting is the function you only notice when it breaks. Right now, it’s breaking for many U.S. companies. Roles sit open for months. Salaries keep climbing.

The work doesn’t go away, though. Closings, audits, and tax deadlines still hit every month.

And finance leaders are left carrying the risk when reports don’t get filed on time.

That’s why more companies are filling these roles in Latin America, where GAAP-trained accountants work U.S. hours and bring the same experience you’d expect from domestic hires, Near reports.

Key Takeaways

The U.S. faces a severe accounting shortage: fewer graduates, CPA exam declines, and a large portion of the existing talent pool retiring