Accounting and tax insights for individuals and businesses in Canada

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Accountant shortage and rising demand for tax help

There’s a shortage of accountants. That’s not news if you’re an accountant like me. I’ve been recruiting and hiring accountants for almost 30 years and there’s been many ups and downs throughout that time. However, we’re now in a tough part of a challenging cycle.

The number of graduating accounting students in North America is down overall. There’s been no shortage of articles and studies to confirm that simple fact. But why? Well, it appears the ancient profession is not all that appealing to many youngsters today. Some of the factors that often appear as issues when dealing with recruiting youngsters into the profession are:

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What’s the Difference Between an Audit, a Review, and a Compilation?

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Financial statements are a fundamental part of running a business, but not all financial reporting is created equal. Depending on your goals, obligations, or stakeholders, you might need an audit, a review, or a compilation. These terms are often used interchangeably, but they each serve a different purpose and provide varying levels of assurance. Understanding… Continue reading What’s the Difference Between an Audit, a Review, and a Compilation?

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