CFOs Go Back to Basics
With SOX shock wearing off, finance execs focus on management issues.
by Rick Telberg
At Large
CPAs’ intensive focus on financial reporting and compliance issues that began with the enactment of the Sarbanes-Oxley accounting reform law of 2002, may be starting to share priorities with other pressing business matters ? improving organizational performance and staffing.
CPAs in all fields of the profession are three times more likely to be increasing their focus on organizational/performance and staff recruitment/retention than they are to be increasing their focus on compliance and governance, according to a Bay Street Group study.
While not downplaying the significance of financial reporting, CPAs are facing the bitter reality of squeezing out profits with a reduced employment pool. “We’re all trying to do more with less,” says Greg Libertiny, president of a consulting firm in Ridgewood, N.J. READ MORE →
