There are 340,000 fewer accountants, and companies are paying the price

Bloomberg interviewed Joshua Khavis about a report that there is a shortage of public accountants and companies are beginning to pay the price. Kravis notes the situation means accountants’ hours and workloads can be grueling, upping the odds of mistakes and burnout. “If the people preparing the financials are overworked, or there’s not enough of them, you will have errors,” Kravis states.