Government Actuary's Department’s Post

Continuing our recognition of #NDEAM, we're excited to feature another story from #TeamCAI. Meet Matthew, whose journey with CAI Neurodiverse Solutions is an example of how embracing #neurodiversity enriches teams and drives success. Dive into our carousel to discover Matthew's path to achievement and how CAI's support has played a pivotal role in his career development. For his full story, click here: https://lnkd.in/gyvvCXhf [ID: Slide 1: A photo of Matthew in a green polo, holding his dog at a park, with text under him in Canvat font titled "Meet Matthew" Slide 2: Matthew's career path is discussed, from starting at an apprenticeship as a help desk agent, to when a CAI team lead reached out to Matthew for an opportunity. Slide 3: A quote from Matthew, "My experience with CAI has been very good. I'm very happy with how things have been going. Everyone is so supportive and helpful." Slide 4: Titled "Matthew's new opportunity", breaks down his new position as a Operation Analyst at The Huntington National Bank. Slide 5: Titled "Matthew's impact", breaks down how Matthew's team appreciates how he has blossomed on the team, and his drive to continue his success by learning everyday. Slide 6: A quote from Matthew's manager, "As a manager, I was surprised when Matthew asked me to evaluate his performance and how he was doing. Some of my employees do not do this! We have now had the pleasure of working with Matthew for 5 months and he continues to deliver consistent and accurate work." Slide 7: A quote from Matthew, "I'm confident that the job I'm doing is one that I can be successful in," Matthew says, "It's a job I'd like to continue doing." Slide 8: Slider ends with same type of image as Slide 1, with modified text that says "Read Matthew's full story at www.cai.io"

The accounting industry is facing a talent shortage, with declining student interest and many CPAs nearing retirement. Paul Knopp suggests replacing the expensive fifth year of education with an apprenticeship model, making the CPA pathway more accessible and practical. Would this change attract new talent and ensure the sustainability of the profession? #AccountingCrisis #FutureOfAccounting #CPAApprenticeship

Pondering upon the idea of adding an apprentice to your business? Take a listen to Andrew Seaton, Managing Director at Resolve, outlining the key benefits of hiring an apprentice.😊

One thing I get from here, As the supply of accountants is decreasing, the demand will grow for the accountants and that will lead to higher income level in this profession for sure..🧐 Your thoughts on this? #finance #crisis #linkedinconnections ##linkedincommunity

Thought-provoking interview in the Financial Times with KPMG’s U.S boss, highlighting the declining interest in the accounting profession. As someone who advises accounting firms on managing risk, I see this as a critical juncture. The evolving landscape—regulatory changes, tech disruption, and talent shortages—creates both risk and opportunity. Firms need to double down on investing in the next generation of talent while ensuring they are equipped to navigate these shifts. This isn’t just about recruiting, but about building resilient firms ready for the future.

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Accountants take nonsense and poorly constructed information from organizations to provide functioning data through complex systems that supports compliance and operation. The lagging pay prestige and respect is driven by what others see as cranky magicians

Important info highlighting top 2 skills: #AI and #Sustainability Stewardship (ESG) #cgma #cima #aicpa #sustainablecareer

Great to see continued discussion among colleagues on the importance of the CPA pipeline. The data shows what this article underscores - the time and cost of education required for CPA licensure can be a challenge for many aspiring accountants. Addressing that issue was one of six key conclusions in a recent report (https://lnkd.in/eDiT8f98) by the independent, multi-stakeholder National Pipeline Advisory Group. The AICPA and National Association of State Boards of Accountancy (NASBA) proposal for competency-based training would sit squarely within accounting firms and employers, provides a uniform approach that complements existing work experience requirements and represents an option the entire profession can get behind. It would give flexibility for entry-level professionals and for their employers, but also makes sure CPA candidates get the skills they need to succeed as trusted advisors and protect the public. Read more about the competency-based experience pathway here: https://lnkd.in/e-AiXibZ

I’m disappointed in the public accounting profession for advocating a reduction in formal education requirements for the CPA license. Can anyone credibly argue that the technical landscape, advancements in technology, the evolving business environment, or the demands of public company audits under PCAOB mandates have become simpler since the 1980s, when the five-year education requirement was established? I certainly can’t, and I speak from experience—as a former Big 4 partner, CFO, and now an educator. With all due respect, I also doubt that any public accounting firm, which naturally seeks to maximize profits, will prioritize "accelerate the development of talent by having them start their apprenticeship with us earlier." Instead of reducing the five-year requirement, the profession should focus on attracting students through better pay, improved working conditions, meaningful work, increased pro-bono opportunities, and alternative career paths within the partnership model. These options would likely resonate more with today’s aspiring accountants.