By Gary Hunt, CAE, OSCPA director, content strategy & media
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.
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.
On this week’s episode of The State of Business Podcast, Loreal Jiles, lead researcher on the study and IMA Director of Research, hosts a discussion with Ohio Society President & CEO Scott Wiley, CAE, and Margaret Finley, CPEC, CDP, OSCPA's diversity, equity and inclusion strategist. They discuss challenges that are preventing diverse accounting employees from advancing, and steps professional organizations can take to help.