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By 2010 the world was deep in the Great Recession and working hard on recovery. We are now officially a quarter of the way through the 21st century and isnt that a crazy thing to wrap your head around? Weve survived a lot in the last 25 years. The early 2000s saw the dotcom bubble, the Enron scandal, and passage of the SOX Act.
In 2021, just over 32,000 sat for the CPA exam, compared to nearly 50,000 CPA candidates in 2010 . In 2020, bachelor’s degrees in accounting fell by 2.8% , and master’s degrees fell by 8.4%. This, in turn, has led to a decrease in those getting CPA certified. In That’s a big drop in accounting professionals entering the labor force.
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