Accounting shortage so severe it's delaying key reports from companies like Tupperware

This article initially appeared on Business Insider.

THE an accountant shortage East SO bad that companies are dilatory deposit key OBLIGATORY reports.

On Friday, Tupperware said he doesn't to have enough accountants has get It is annual report out on time. THE storage container maker East THE last on A growth list of companies that to have delayed their annual reports For A host of the reasons. About 70 companies to have postponed annual reports This year, up 40% Since last year, research business Intelligize .

In A regulatory deposit, Based in Orlando Tupperware blame THE delay on "significant" pass And here accounting wear, "which has successful In Resource And skill together gaps, tense resources, And A loss of continuity of knowledge."

Tupperware added that previous delays In deposit It is 2022 annual report directed has postponement of It is quarterly reports, which Next pushed back work on It is 2023 annual report.

On LinkedIn, THE business East For A Single an accountant, A job In Poland.

Once A American kitchen icon, THE maker NOW faces A kill of business problems. In October, It is external accounting farm, PricewaterhouseCoopers, abandoned THE business as A customer. Almost A year There is, Tupperware warned investors of potential bankruptcy in the middle of bigger losses And operational costs.'

An accountant recruitment problems has Tupperware And other companies are become A operational headache with No panels of easing.

Seasoned accountants are outgoing while THE occupation, which has A reputation For long hours And unsatisfactory work, has struggle has attract younger Talent. THE American Institute of Approved Public Accountants said that 75% of approved accountants In 2020. THE WE desk of Work Statistics projects there will be 126,500 openings For accountants And listeners each year, on average, on THE decade.

But a lot students say they are turned disabled by THE necessary For accounting course. And accountants average of about $62,000 looks less attractive that other better paid Or less stress jobs In company.

"Accountants And listeners are has business as those people In THE black and white striped shirts are has sports. Were THE referees of business," Steve Kachelmeier, THE chair of THE accounting department has THE University of Texas, said Business Insider last year.

"We can not always as THE the referees, but sports East A free for all without them," he said, explaining that if shortages of these workers continue, responsibility And integrity In business could suffer.

This year has seen A slate of high profile financial report Errors, a few of which cause action prices has change. In FEBRUARY, carpooling application Lyft by mistake reported In It is fourth trimester earnings release that he waits profit margins has increase by 500, not 50 base points — which directed It is action has overvoltage 60%. Electric vehicle maker Rivien And gym business Planet Aptitude said they do This year.

In A similar move has Tupperware, toy giant Mattel said In A that he was unable has deposit It is 2023 annual report due has "certain deficiencies In It is internal control on financial report."

THE Securities And Exchanges Commission can issue penalties For wrong deposits, including fines For delays And Errors In financial report.