All things considered, it could have been worse. Given the shattering impact the COVID-19 pandemic has had on so many sectors of the economy, that the accounting profession saw growth in 2020 is cause for celebration - though not surprise, as accountants have been extraordinarily busy this year, first in adapting to the remote work environment mandated by the coronavirus, and then helping their clients struggle through the rest of the year. Even that mammoth amount of work, however, was not able to maintain the growth rates the profession had seen from 2011 through 2019: While the Top 100 Firms saw their revenues increase roughly 8 to 9 percent in each year of that period, they grew by only 3.88 percent over 2020. That's roughly half the growth rate of 2019, and a similar halving repeats itself in terms of staffing expansion.
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