What is the fastest-growing challenge facing accounting firms and internal audit departments today? More than 90 percent point to hiring and retaining skilled accountants and auditors. Some are even turning away business due to a shortage of staff.
That’s the finding of two newly released reports by leading software provider Caseware International, which surveyed more than 6,000 accountants and auditors globally.
According to the surveys, to tackle this challenge and boost client collaboration, accounting and auditing organizations are ramping up the adoption of advanced technologies such as cloud services, data analytics and business intelligence.
The Caseware reports ‐ 2023 State of Accounting Firms Trends Report and 2023 State of Internal Audit Trends Report ‐ offer a glimpse into how accounting firms and internal auditors worldwide are adjusting to changing business environments. Responses were gathered from more than 4,100 accountants and 2,300 auditors.