From futurefirm.co: (US context) The accounting industry is facing a significant shortage, with over 300,000 professionals having left the field and a 7.4% decrease in accounting graduates.

Factors contributing to this shortage include lower salaries compared to other industries, demanding education requirements, and an aging workforce.

Despite these challenges, firms can still grow by leveraging offshore talent, automating processes, and focusing on high-quality clients while retaining their existing team members.