Firms scale back initiatives even as governing bodies warn diversity is key to the profession’s future.

Accounting Influencers

With Rob Brown

The accounting profession is facing a turning point as major firms scale back diversity, equity, and inclusion (DEI) initiatives, raising concerns about how the shift could affect talent recruitment, retention, and competitiveness.

KPMG recently discontinued its “Accelerate 2025” program, which aimed to expand leadership diversity. Deloitte pulled back last year, joining other global corporations—including Goldman Sachs, Meta, and Google—that have pared down similar efforts.

The shifts come as political and legal pressures mount. States such as Florida and Texas have rolled back DEI policies in higher education, and a Supreme Court ruling on affirmative action has sent ripples across corporate America. Firms that once championed DEI are now weighing compliance risks and financial implications against potential reputational and workforce consequences.

Experts suggest firms take several steps to navigate this uncertain terrain.