Bloomberg Tax
Feb. 14, 2022, 9:45 AM

Accountant Shortage, Resignations Fuel Financial Reporting Risks

Amanda Iacone
Amanda Iacone

Corporate finance teams and their outside auditors are powering through this financial reporting season with fewer staff on hand to deliver accurate financial statements to investors.

Accountants are leaving jobs in record numbers, at both corporations and audit firms, joining the broad swath of workers re-evaluating what they want from their careers. Some are leaving the profession entirely. Others may take advantage of a tight labor market to seek higher salaries and more flexible schedules.

In the rush to meet Securities and Exchange Commission filing deadlines, with more work piled on the shoulders of fewer people, important checks may be ...

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