California CPA December 2023 | Page 7

AICPA 2023 Trends Report

AICPA 2023 Trends Report

The report shows a significant decrease in accounting graduates , but university accounting departments foresee an increase in enrollment . That , combined with a projected increase in the general student population , presents an opportunity for the profession . The report identifies :
• Key trends in U . S . accounting graduations .
• New graduate hiring and firm expectations .
• Select information about CPA Exam candidates . Some of the findings of the report include :
• Bachelor ’ s degree completions in accounting dropped 7.8 percent from 2021 – 22 ; master ’ s degree completions fell by 6.4 percent in 2021 – 2022 .
• Enrollment expectations continue to be optimistic , with 75 percent of responding bachelor ’ s programs and 78 percent of responding master ’ s programs expecting enrollment in 2023 – 24 to be the same or higher as in 2021 – 22 .
• Hiring expectations of the firms that responded are optimistic for new graduate new hires , with 91 percent of respondents saying they expect to hire the same or more accounting new graduate new hires in the next year ; 60 percent of firms surveyed reported that they expect to have the same or higher number of CPAs on staff in 2023 compared to 2022 . Download the report at aicpa-cima . com / professional-insights / download / 2023-trends-report .
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