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March/April 2023 » Mitigating the Negative Impacts...
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Sammie Parsley, DBA, CPA, CMA, CIA, CGMA, and Jennifer Reynolds-Moehrle, PhD, CPA, CGMA
Although stress in public accounting is unavoidable, especially during the busy season, excessive amounts can be dysfunctional for both individual CPAs and their firms. Prolonged exposure to high levels of stress can lead to psychological symptoms of depression and anxiety. Stress-related illnesses can decrease performance, generate health problems for individuals, increase group health premiums for organizations, increase absenteeism, and increase turnover. CPA firms can proactively address these stress-related costs by recognizing the drivers of the stress and tailoring responses accordingly.
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