Blue skies, or gray clouds?

The article discusses the challenges faced by local and regional accounting firms in the United States. Despite positive indicators such as revenue growth and a booming demand for accounting services, firms are struggling with staffing issues. The decline in the number of young people studying accounting and becoming CPAs, as well as the leakage of experienced talent to other sectors, are contributing to the shortage of skilled employees. This scarcity of talent is affecting firms' capacity, succession planning, and overall long-term success. Additionally, firms are grappling with the need to keep up with rapidly evolving technologies while facing the high costs associated with implementing them. [Extracted from the article]

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