[MA blog]:High Demand for Accountants ... Share this fortune with your friends

[Santosh Puthran]

[MA blog]: Updates on www.managementaccountant.in ... Share this fortune with your friends

High Demand for Accountants to Help Clients Survive Recession - A.E. Feldman Posted: 02 Feb 2009 09:25 AM PST From the page: "CPAs are seeing increased demand to assist companies survive the recession. Accounting firms are being called upon to help re-define risk management structures, achieve better cash management, sell assets, optimize costs, restructure debt, and improve the depth and transparency of financial reporting. Accounting and finance executives must also prepare for changing tax laws and the coming wave of anticipated regulation, including the push for International Financial Reporting Standards (IFRS). Amid the trend, hiring qualified professionals remains the most critical concern for U.S. firms, according to the AICPA. Executive search firm, A. E. Feldman, reports that firms are showing strong interest in professionals who can help their companies reduce inefficiencies and enhance profitability. Those who are familiar with IFRS also are marketable. The positions most in demand include staff and senior accountants and credit and collections specialists. Current opportunities include, tax manager jobs, audit jobs, international tax jobs, and business valuation jobs." This posting includes an audio/video/photo media file: Download Now

Sox First: Does Sarbanes-Oxley mean audit offshoring? Posted: 02 Feb 2009 08:38 AM PST From the page: "Offshoring has become more prevalent in recent years. Most firms send part of their operations to cheaper places overseas. But offshoring of audit functions is becoming more popular and, according to this report, a lot of it is aimed to reduce fees that comes from the the increased reporting and compliance requirements mandated by Sarbanes-Oxley. But as the report says, it's fraught with dangers. Sure, clients would welcome a reduction in fees but there would be some serious concerns, particularly in regard to quality control, data protection and confidentiality. For the big firms, it means asking hard questions about which procedures could be sent offshore safely. No easy answers on that one." This posting includes an audio/video/photo media file: Download Now

Scoping Out the Talent - Careers - CFO.com Posted: 02 Feb 2009 08:35 AM PST From the page: "David Bronson is ready to pounce. Other companies may be laying off workers by the hundreds or even thousands, sending the U.S. unemployment rate to its highest level in nearly two decades, but at PSS World Medical, a $2 billion medical equipment distributor and services provider, the door is open to new hires â€" if they can make the grade. "We see an opportunity in this economic climate to improve our bench and upgrade our talent," says CFO Bronson. "Not only in finance, but across the board."" This posting includes an audio/video/photo media file: Download Now

K S Mehta: Audit lessons from Satyam Posted: 02 Feb 2009 08:32 AM PST From the page: "The Satyam affair has shaken the countryâ€s audit profession and regulatory authorities to its roots. Investors have suffered in a big way and Indian business has lost some of its sheen. Has there been a systemic failure or is Satyam just a big exception? Has the macro-structure of the audit procedure not evolved in a manner commensurate with the growth of Indian business and its physical globalisation? The Ministry of Company Affairs (MCA), first enlarged the scope of work (and hence responsibility and liability) of statutory auditors by issuing a 22 point questionnaire called the MAOCARO Order, 1975. This, of course, remains a pioneering and unique step in even international terms. This made internal audit compulsory and the statutory auditor was bound to comment on the efficacy and extent of internal controls and review the internal audit. Such internal audit is not mandatory internationally. By its very nature, internal audit is extensive in relation to accounting system, internal controls†review and transaction checking." This posting includes an audio/video/photo media file: Download Now

Accountancy Ireland : Operating Segments Through Managements Eyes Posted: 02 Feb 2009 08:31 AM PST From the page: "IFRS 8 Operating Segments, (â€the standardâ€) aligns the identification and reporting of operating segments with internal management reporting. The standard replaces IAS 14, â€Segment reportingâ€, the key differences between the old and new standard are outlined in Table 1(see below). Segment reporting under IFRS 8 should highlight the information and measures that management believes are important and are used to make key decisions. It should also provide a better link between the financial statements and the information reported in management commentaries such as the Operating and Financial Review. The standard converges IFRS with US Accounting Standard SFAS 131 â€Disclosure about Segments of an Enterprise and Related Informationâ€. " This posting includes an audio/video/photo media file: Download Now

Price Waterhouse seeks extra time to respond ICAI notice Posted: 02 Feb 2009 08:29 AM PST From the page: "Price Waterhouse, the statutory auditors of the Rs 7,800-crore fraud hit Satyam Computer Services, has sought extra time to respond to the show cause notice sent to it by the Institute of Chartered Accountants of India (ICAI) on January 10. Also Read News Now Paper Specials - Sensex ends down 358pts; Realty index plummets 10% - Tata Motors Jan sales down 33% - EGoM meets tomorrow to consider changes in FDI caps - Bharti Teletech inks distribution pact with Logitech - RNRL may appeal against High Court order on RIL gas sale - Essar Shipping Q3 net down 70% to Rs 13 cr More Also Read News Now Paper Specials - Govt may limit UMPP number per company - Sebi to discuss warrants, waiver on Satyam open offer price - Satyam's headcount figures could well be correct - 'We will wage a war on waste' - Spice firms up plan for Satyam buy - Wockhardt takes a hit on expansion More Also Read News Now Paper Specials - Q3 FY09 Results: Earnings Season - Saving Satyam: Govt gets into action - India-Pakistan Tensions: Fallout of Mumbai Terror Attack - Your Money: Where to invest - Market Crash: Global worries weigh - Time Out: Books, fashion, food, travel, sports, health... More Price Waterhouse, a part of PricewaterhouseCoopers (PwC) - one of the big four audit firms was given 21 days time to respond ICAI notice on the role of outside auditors in the whole episode of inflating the profit of the Hyderabad-based IT. "Since accountable persons are not in a situation to reply to questions due to the developments, which took place in Hyderabad, Price Waterhouse has requested for extra time," said Ved Jain, president of ICAI while addressing the media. Under the rule (8) 3 of the ICAI act, ICAI might extend the time of responding to the show cause notice to 30 days." This posting includes an audio/video/photo media file: Download Now

CNW Group | CERTIFIED MANAGEMENT ACCOUNTANTS OF ONTARIO | CMA Ontario Recommends Independent Review of Canadas Public Accounting Standards to Support the Principles Found in the Agreement on Internal Trade Posted: 02 Feb 2009 08:28 AM PST From the page: "TORONTO, Feb. 2 /CNW/ - The Certified Management Accountants of Ontario (CMA Ontario) support the work of the federal and provincial governments to achieve full labour mobility through Canada's Agreement on Internal Trade (AIT). As part of Canada's long-term professional mobility strategy, CMA Ontario recommends an independent review of Canada's public accounting regimes and the development of a national public accounting standard. "The Certified Management Accountant (CMA) designation is fully compliant with the Agreement on Internal Trade, as our national management accounting standards provide absolute labour mobility for CMAs within Canada, and beyond our borders to other global markets," said Merv Hillier, President and CEO of CMA Ontario. " This posting includes an audio/video/photo media file: Download Now

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