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The Indicator from Planet Money

If the world had no accountants

The Indicator from Planet Money

NPR

Business

4.79.2K Ratings

🗓️ 4 August 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

We crunched the numbers (on Excel of course), and the results are in. There's not enough Certified Public Accountants right now. Can the world of finance come up with a solution to address this issue?

Transcript

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0:00.0

NPR.

0:12.0

This is the Indicated for Plenty of Money.

0:13.0

I'm Adrian Ma.

0:14.2

And I'm Waylon Wong.

0:15.6

We have heard a lot about upheaval in labor markets lately.

0:19.3

It's been hard to find enough truck drivers, nurses, teachers, restaurant workers, airline

0:24.4

pilots, lifeguards.

0:26.2

And I've got another one to put on the list.

0:28.0

A profession that is probably less visible to the average person than, you know, a barista

0:32.6

or a daycare worker, but is crucial for keeping the business world running smoothly.

0:38.1

And that is Certified Public Accountants, CPAs.

0:41.8

Yeah, CPAs, maybe behind the scenes of the economy, but the economy needs them.

0:47.6

They are the ones who bounce the books and make sure taxes get paid correctly.

0:52.3

They can also investigate fraud or serve as chief financial officers for companies.

0:57.6

And right now, there are not enough of them.

1:00.2

That's right.

1:01.2

There's a shortage of CPAs.

1:02.2

And that is why, on today's show, we're going to figure out where all the CPAs have gone.

1:07.6

And what the industry is doing about it.

1:16.6

This message comes from NPR, sponsor Fundrise, a platform that makes investing in high-end

1:21.4

real estate easy.

1:22.8

You tell Fundrise your investing goals, and Fundrise puts your money into the real estate

...

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