Accountant Burnout Is Becoming a Growing Professional Risk

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The accounting profession has long been associated with demanding workloads, tight deadlines and high levels of responsibility. However, recent research suggests that burnout is becoming an increasingly common challenge for accountants.

A 2024 study by caba, involving more than 300 UK chartered accountants, found that 74% had experienced symptoms of burnout at least sometimes during the past year, while 44% reported experiencing burnout often or constantly. The report also noted a 20% increase in burnout symptoms compared with the previous survey conducted two years earlier.

What is burnout

According to the World Health Organization (WHO), burnout is an occupational phenomenon characterised by:

• feelings of exhaustion;

• increased mental distance or cynicism towards work; and

• reduced professional effectiveness.

Why Are Accountants at Risk?

Common causes of burnout in the profession include heavy workloads, long working hours during busy periods, tight reporting deadlines, complex regulatory requirements, changing legislation and increasing client expectations. Hybrid and remote working can also contribute to feelings of isolation and make it more difficult to maintain a healthy work-life balance.

The research found that excessive workload, lack of support and poor work-life balance were among the leading contributors to burnout. Younger accountants were particularly affected, reporting higher levels of stress and burnout than older professionals.

Recognising the Warning Signs

Burnout does not only affect wellbeing. It can reduce productivity, increase the risk of errors, affect relationships with colleagues and clients, and contribute to staff turnover. Common signs of burnout include:

• persistent fatigue;

• difficulty concentrating;

• reduced motivation;

• irritability or emotional exhaustion; and

• declining work performance.

What Can Help?

The report also highlights that early intervention makes a difference. Accountants who managed burnout successfully cited:

• regular physical activity,

• taking leave,

• reducing workloads where possible,

• seeking support from colleagues and

• speaking to mental health professionals as helpful strategies.

As the demands on the profession continue to evolve, recognising the signs of burnout and addressing them early is becoming an important part of maintaining both professional performance and personal wellbeing.

Article Source: IFAC Knowledge Gateway