Accounting firms in the US are doing well. According to the American Institute of Certified Public Accountants (AICPA), there were 1,569,000 accounting and auditing jobs in the US in 2019. This was an increase of 2.4% from 2018. The median annual wage for accountants and auditors was $71,550 in 2019, which was an increase of 3.7% from 2018. The number of accounting firms in the US has also been increasing steadily since 2010 and is currently estimated to be around 50,000.

Despite being impacted by the pandemic, overall, they have held up relatively well. According to a survey conducted by the American Institute of CPAs (AICPA), more than half (54%) of accounting firms reported that their revenues had either remained the same or increased since the start of the pandemic. The survey also found that most firms (60%) had not laid off any employees due to the pandemic, and that only 11% had laid off more than 10% of their staff. In addition, 79% of surveyed firms said they had implemented some form of costcutting measures in response to the pandemic.

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