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Shortage of young accountants leads BDO USA to double offshore workforce

BDO USA is doubling its offshore workforce due to the talent shortage in US audit and tax businesses. The company aims to add thousands of jobs overseas, largely in India, as the number of young graduates becoming accountants in the US falls.

1 min read
  • BDO USA plans to double the size of offshore workforce due to a talent shortage affecting US audit and tax businesses.
  • The company aims to have 5,000 people at its offshore joint venture 'BDO Rise' within 5 years.
  • US accounting firms are struggling to replace baby boomers who are retiring.
  • Offshoring trend being embraced by midsize and smaller firms as labour market for trained accountants has tightened.
  • Young people are more interested in becoming consultants than joining tax and audit professions.
Shortage of young accountants leads BDO USA to double offshore workforce
India and South Africa to assume more audit and tax tasks as number of US graduates falls
Financial TimesStephen Foley

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