Archive for the 'Audit Jobs' Category

Demand to Surge for XBRL Experts

Thursday, July 10th, 2008

The U.S. Securities and Exchange Commission has proposed that companies publicly traded in the U.S. adopt a specific new technology, known as eXtensible Business Reporting Language or XBRL, for financial disclosure. The mandate issued by the SEC outlined a graduated process for adoption of XBRL, although Fortune 500 companies would be required to adopt as [...]

Fair Value Expertise in Demand

Wednesday, June 25th, 2008

Fair value accounting has been blamed for exacerbating the credit crisis – mainly for its contribution to billions worth of dollar writedowns. Also known as FAS 157, the measure forces companies to use complex methods to assign a value to an asset based on what the current market would be willing to pay for it. [...]

Internal Audit Professionals in Demand, Playing Greater Role in Governance, Risk and Compliance

Thursday, June 19th, 2008

Amid increased scrutiny and regulation, the internal audit profession has grown dramatically in the last several years. The Institute of Internal Auditors (IIA) reports that membership in the organization, which spans 165 countries, has increased a staggering 58% over the past four years to more than 150,000 professionals. According to the IIA, studies have also [...]

Need for Data Center Efficiency Driving Demand for Talent

Friday, June 13th, 2008

The issue of data center efficiency is garnering more attention as companies face mounting pressure to cut back on spending. That’s because the massive, energy-gobbling data centers that hold racks of mission-critical equipment are costly to maintain. The Environmental Protection Agency (EPA) found that data centers in the U.S. consumed 61 billion kilowatt hours of [...]

Competition for Accounting Talent Remains Fierce

Thursday, June 5th, 2008

Thanks to the accounting scandals at Enron, Tyco and WorldCom, firms are under greater scrutiny to be clearer with financial statements, audits and tax reports. “The years in the aftermath of Sarbanes-Oxley have spotlighted the critical role the accounting profession plays in our capital market system,” said Denny Reigle, AICPA Director of Academic and Career [...]

Escalating War for Compliance Talent

Wednesday, June 4th, 2008

Compliance professionals have become white-hot commodities at banks, reports Bank Technology News. The report states that while Sarbanes-Oxley and other regulations have driven up salaries for accountants, financial and legal staff as well as compliance officers, the current credit crisis is further exacerbating the hunt for compliance talent. Moreover, BTN notes there is a shortage [...]

Pressure Mounts to Adopt IFRS, Demand for Talent Intensifies

Wednesday, May 28th, 2008

U.S. companies need more preparation for the convergence of global accounting standards, according to a survey of CFOs and other senior finance professionals conducted by Deloitte. The survey finds that globalization of the world’s capital markets has triggered a shift away from local standards and benchmarks to global ones. According to Deloitte, one key example [...]

Technology Transforming Global Financial Reporting, Driving Demand for Accountants

Friday, May 23rd, 2008

The U.S. Securities and Exchange Commission has proposed that companies publicly traded in the U.S. adopt a specific new technology, known as eXtensible Business Reporting Language or XBRL, for financial disclosure. The technology involves computer “tags” similar to the bar codes used to identify groceries in the supermarket. The tags uniquely identify individual items in [...]

Firms Hiring Accountants with IFRS Expertise

Monday, May 12th, 2008

Firms in the U.S. are bracing for the convergence of global accounting standards. U.S. and foreign accounting regulators are about to unveil a new plan to expedite the convergence of international and U.S. accounting rules, according to Reuters. Their goal is to have all major capital markets operating from one set of standards by 2013. [...]

Energy is a Bottom Line Issue, Growing Demand for Experts in Data Center Efficiency

Tuesday, April 29th, 2008

Government initiatives are focusing on energy utilization as a national security concern as well an environmental concern. But according to industry experts, energy is primarily a bottom line issue. Today, firms are beginning to take a closer look at their data centers to determine how much energy they consume…and how much they can save by [...]