The accounting profession in Asia is facing a growing challenge—attracting and retaining skilled professionals. A recent survey conducted by AICPA & CIMA, in collaboration with the Global Accounting Alliance (GAA), the Confederation of Asian and Pacific Accountants (CAPA), and the ASEAN Federation of Accountants (AFA), reveals significant concerns across 19 jurisdictions in the region. The findings highlight a broad consensus that there is a shortage of professional accountants, with factors such as compensation, a negative ‘image’, and the length, cost and nature of qualification programs contributing to this issue. However, many professional accountancy organisations (PAOs) are actively implementing strategies to reverse this trend and strengthen the profession’s future.

(This article sets the stage for an upcoming CAPA webinar series where experts and leaders will share insights on these strategies in action)