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CPA Voice: Study highlights need for cultural change to retain diverse workforce

Written on Oct 21, 2021

Recruiting and retaining a more diverse talent pipeline – especially within senior leadership – are challenges the accounting profession needs to address to ensure sustainability. 

That was the conclusion of a study of diversity, equity, and inclusion in the U.S. accounting profession conducted by The Institute of Management Accountants with help from The Ohio Society of CPAs and nine other state CPA societies. 

We dive into this topic in-depth in the September/October issue of CPA Voice. 

“Culture can make or break efforts to attract diverse professionals to your organization, and culture starts with the leadership team,” said Scott Wiley, CAE, president and CEO of The Ohio Society of CPAs. “It’s important that we have intentional, consistent, and inclusive cultures, and we have to be clear about that with our teams.” 

The study, “Diversifying U.S. Accounting Talent: A Critical Imperative to Achieve Transformational Outcomes,” found that up to 18% of underrepresented groups are leaving the accounting profession because of the lack of equity and inclusion. 

Read the entire article now to learn more. And while you’re there, check out the rest of the issue and earn a CPE credit! 

Did you know that reading CPA Voice can help you satisfy your CPE requirement? No matter your location or the time of day – and even without the benefit of electricity – you can gain CPE credit with each issue. 

Every edition includes a 12-question self-assessment exam covering content from that issue. Receive a grade of 75% or higher and you’ll earn one hour of CPE credit in specialized knowledge. 

Best of all, you can take the exam when and where it’s convenient for you. Exams remain available online – and may be completed for CPE – through the same month of the following year.