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Furthermore, many are deterred by the perception that public accounting firms overwork and underpay their employees. These factors combine, creating a less appealing picture of a career that was once seen as a stable and potentially lucrative choice.
Potential Changes in the Accounting Profession
Despite the grim outlook, there is hope for revitalization within the industry. Major firms such as KPMG have expressed intentions to reconsider the 150 credit rule, viewing it as an unnecessary barrier to entry that could be amended or entirely eliminated. Such changes would likely encourage more students to consider accounting as a career.