Archive for October, 2008

Growing Need for Accounting Talent with Expertise in Global Aspects of Business

Friday, October 31st, 2008

The global marketplace is highly competitive and the ability of many firms to operate profitably in diverse geographic markets is vital. Operating globally however gives way to a number of legal, finance and global accounting issues. Multinational firms must comply with international laws on pensions and business practices… and tax. In fact, research conducted by [...]

Restructuring Skills in Growing Demand

Thursday, October 30th, 2008

As the U.S. economy slows and volatility plagues the financial markets, restructuring specialists are in growing demand. Amid the turmoil, few U.S. companies will readily find lenders, forcing them to opt for some sort of restructuring in or out of a bankruptcy court, reports IDDMagazine.com. The report quotes Mark Shapiro, Head of Restructuring and Finance [...]

Bailout Boom: Law Firms Brace for Tidal Wave of Bankruptcies, Litigation, Regulation

Wednesday, October 29th, 2008

Anticipating a surge in lawsuits and other legal work spurred by the economic crisis, law firms are staffing up and creating task forces to advise financial firms, investment funds and local governments on how to deal with the turmoil. Top law firms are also experiencing a boom in work advising banking clients in mergers and [...]

Risk Management Watch: Risk, Access to Capital Top CFO Concerns

Tuesday, October 28th, 2008

The financial crisis has intensified the significance of risk management among CFOs, according to a new survey of finance executives at major U.S. corporations. In fact, the survey, conducted last month by Towers Perrin, finds that risk has surpasses short- and long-term access to capital on the list of CFO priorities. “CFOs and their teams [...]

Clean Technology to Drive Innovation and Job Growth

Monday, October 27th, 2008

It’s estimated that 4.2 million green jobs are expected to be added to the U.S. workforce over the next 30 years, accounting for 10% of new job growth, according to a recent report by Global Insight. California Governor, Arnold Schwarzenegger, is a vehement supporter of clean technologies. In fact, he says solar power and other [...]

Wave of Bankruptcies Boosting Demand for Talent

Friday, October 24th, 2008

Treasury Secretary Henry Paulson issued a recent warning that recent market turmoil had “seriously impacted” the economy and that more U.S. financial firms would go bankrupt, according to the AP. Paulson says the $700 billion bailout package would take several weeks to put in place and it would not mean an end to bankruptcies. Moreover, [...]

CFO Skill Set Evolving Amid Financial Crisis

Thursday, October 23rd, 2008

CFOs and other senior finance executives have expressed concern over their ability to raise capital, execute long-term strategy, and manage risk in the months to come. Now, in the heat of economic turmoil and the financial crisis, the preferred skill set for CFOs is changing rapidly, according to CFO.com. The report states that changing demands [...]

States Look to P3s to Fund Infrastructure Gap

Wednesday, October 22nd, 2008

Facing a recession, New York Governor David A. Paterson’s administration recently announced it would set up a commission to explore ways to privatize public assets, including the lottery system and the Tappan Zee Bridge. The Governor’s office says right now identifying new ways by which the State finances and delivers infrastructure projects is paramount. “Creating [...]

Risk Management Watch: Risk Recruiting Top Priority in Board Rooms

Tuesday, October 21st, 2008

The global financial crisis is dramatically reshaping the financial services industry in the U.S. and around the world. Today, firms are struggling to adjust to the unfolding global economic environment. Corporate boards are facing unparalleled levels of business complexity, a constantly changing political landscape, new regulations and mounting shareholder demands. Realizing the challenges that lie [...]

Accounting Firms Post Three-Year Growth Streak, Demand for CPAs Continues

Monday, October 20th, 2008

The accounting industry remains strong, despite a faltering economy. In fact, the top 100 accounting firms have posted double-digit growth for three years running, according to the latest national Public Accounting Report (PAR) survey of highest revenue accounting firms published by CCH, a Wolters Kluwer business and a provider of tax, accounting and audit information, [...]