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In this Issue : December 2021

As we close the books on 2021, we take a look at the state of the accounting profession. The seventh annual NYSSCPA-Rosenberg Practice Management Survey provides hard data on how CPA firms have responded to the challenges presented by COVID-19. The current environment has impacted firms’ financial performance, and human resources issues continue to present a significant challenge. Nevertheless, there remain opportunities for CPAs that can provide valuable advice in the midst of the current crisis. Business that can adapt and think different may find themselves well positioned for whatever comes next.

After reflecting on the year past, we move to looking to the year to come. A virtual roundtable of observers from around the profession present their predictions for 2022 and beyond. While the future may be unusually fuzzy at this moment, some themes emerged from the group: CPAs will need to learn and utilize new technologies; companies must figure out how to expand and nurture a younger, more diverse workforce; and the profession will need to embrace change by exploring new services and ways to deliver them while remaining focused on the client.

Throughout this issue, our authors explore the origins of the gender gap in accounting, how to reduce turnover through corporate values, and how to retain younger professionals by providing a better work-life balance. Finally, author Anton Lewis revisits the issue of race in the accounting profession and asks whether recent initiatives are making real progress or represent more smoke and mirrors.

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