February 28, 2023
How Do We Increase Diversity in the Accounting Profession?
According to the American Institute of CPAs (AICPA), only 1% of CPAs in the United States identify as black or African American. This number has improved little over the century since America saw its first black CPA, whereas the percentage of Asian and Hispanic CPAs has managed to grow somewhat to 12% and 7%. Perhaps the most concerning aspect of the lack of diversity is how the number of black accountants drops further at each level. According to the 2017 AICPA demographic report, there were 9% of students enrolled in accounting programs, 4% of new hires in firms, and—as mentioned—the...