Author: Colleen Neuharth McClain
"An increase in the number of businesses, changing financial laws and regulations, and greater scrutiny of company finances will drive faster-than-average growth of accountants and auditors, " reports the Department of Labor (DOL).
This course will review some of the causes and effects of the increasing demand for accountants. We will then review some of the steps that you and your firm can take to retain quality accountants and avoid the risk of accountant turnover within your organizations.
In addition, in response to recent accounting scandals, new Federal legislation restricts the nonauditing services that public accountants can provide to clients. If an accounting firm audits a client's financial statements, that same firm cannot provide advice on human resources, technology, investment banking, or legal matters, although accountants may still advise on tax issues, such as establishing a tax shelter. This requires the client in most cases to hire two separate firms to handle their annual accounting and financial services needs.
Publication Date: March 2012
Number of Pages: 44
Designed ForAccountants who want an insight to where the accounting industry is headed
NASBA Field of Study
Business Management & Organization (2 hours)