Archive · 2 Jun 2025
US Accounting Firms Expand in India to Address Accountant Shortage
US accounting firms are hiring accountants in India to solve their talent shortage.
Many seasoned accountants in the US are retiring, and not enough young people are entering the field.
Firms like RSM US and Sikich are expanding their Indian operations.
This is similar to how tech companies outsourced to India in the past.
The trend is boosting enrollment in Indian commerce courses.
Some firms offer CPA course sponsorship to attract young talent.
The accountant shortage has affected businesses, causing delays.
The industry's long hours and perceived lack of excitement are discouraging younger people.
The US Bureau of Labor Statistics projects growth in accounting and auditing jobs.
US accounting firms are expanding in India to combat a US accountant shortage.
The shortage has caused delays in financial filings for some US businesses.
Fewer students are entering accounting due to less excitement than tech or finance.
Some firms plan to significantly increase their Indian workforce by 2027.
Indian universities are seeing increased demand for commerce courses due to the trend.
- Who
- US accounting firms (e.g., RSM US, Sikich) and Indian accountants and commerce students.
- What
- US accounting firms are expanding their operations in India to hire accountants to alleviate a talent shortage.
- When
- The trend is ongoing and has intensified recently.
- Where
- India, United States
- Why
- To address the shortage of accountants in the US due to retirements and lack of new talent.
- Key Firms Involved
- RSM US, Moss Adams, Sikich, CohnReznick
- US Accountant Workforce
- Approx. 1.78 million (2024)
- Accountant Workforce Decline
- 10% decrease from 2019
- RSM US India Workforce Goal
- 5,000 by 2027 (RSM US)
- Consequences of Shortage
- Delays in annual reports and key filings
- Projected Job Growth
- 6% (2023-2033)