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Private equity investments rapidly reshaping CPA firms, creating a gap in accounting education, study finds

A mesmerizing view of a starry night sky with a broadcasting tower silhouette on the horizon.
Illustrative photo.Photo by Nejc Soklič on Pexels

What happened

The traditional CPA firm partnership model is undergoing its most rapid transformation in decades. Driven by private equity (PE) investments and acquisitions (one company buying another), public accounting firms are restructuring operations, compensation and career pathways.

Sources & evidence