Accountants in the New York area are bracing for a decline in business from financial-sector clients. The consulting realm is certainly going to feel some pressure, as will accounting work from the banking, investment and insurance industries, which provide the lifeblood for CPA firms in the area. One
In preparation, some firms are looking to "upgrade" by replacing lower performers with better, more skilled professionals, especially at partner level. Some expect CPA firms to have their pick of new accounting grads, as entry-level opportunities at hedge funds and investment banks dry up.
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