CPAs Grapple with New Regulatory Risks… and Rewards

Which side of the equation would you rather be on?

When James F. Reeves talks, people listen. Not only is he a brilliant forecaster for the profession, but as senior vice president for product development at Thomson Reuters’ PPC, he can help make the future happen.

Today he forecasts a “tsunami” of new regulation following the credit debacle, reckoning:

The volume of new regulation affecting American business is growing exponentially, and while regulatory compliance can be both costly and painful, noncompliance is a significant risk, a fact not lost on senior executives. Nevertheless, most companies have not institutionalized an enterprise-wide risk management system. The maturation of enterprise risk management into a more strategic governance, risk management, and compliance function provides a great avenue for CPAs to expand their role and sphere of influence within their organizations. [via James F Reeves: CPAs And The Regulatory Tsunami.]

Posted on February 2, 2010

One Response to “CPAs Grapple with New Regulatory Risks… and Rewards”

Dr. Len Schwartz
February 2, 2010
This is a very interesting read. Risk management is very vital in the financial world. Everyone should make sure they have all their bases covered.

Dr. Len Schwartz
Pres/CEO of Pro2ProNetwork

“The Largest Professional to Professional Referral Network in North America”

http://www.pro2pronetwork.com

Rick Telberg

About the Author

Rick Telberg is a veteran analyst, advisor, commentator, editor, and publisher. He brings a unique background and perspective to research and advisory services for the professional services community.

Mr. Telberg may well be the accounting profession's most widely-known commentator through his long associations with the American Institute of Certified Public Accountants, Accounting Today magazine, and today, CPA Trendlines.

As an expert in management, marketing, media, and e-commerce, Mr. Telberg has served as Senior Editorial Director of Pro2Net Corp., now www.smartpros.com, and as Director of Online Content at CPA2Biz, www.cpa.com.

Previously, Mr. Telberg served as the early Editor-in-Chief of Accounting Today, and as Vice President/Group Publisher at Thomson Financial (now SourceMedia), overseeing Practical Accountant, Accounting Technology, and what is now AccountingToday.com.

Mr. Telberg was presented with a special citation by the National Society of Accountants for service to the profession and has served on a variety of boards and steering committees, including BKR International and the IBM Small Business Advisory Council. He is a graduate of New York University.

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One Response to “CPAs Grapple with New Regulatory Risks… and Rewards”

Dr. Len Schwartz