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: inside Sarbanes Oxley

Accountant shortage gets acute

By Toby Lucich

Have a little pity on your company?s accounting department ? or at least their managers.
A report released at the end of January confirmed that local companies are suffering the same shortage of accounting and finance professionals that national surveys have shown during the last several years.

SALO, a local supplier of temporary accounting and employee search services, commissioned the survey of local accounting and finance managers and delivered the bad news: Despite a general slowdown in local business growth, 37 percent of respondents predicted they won?t be able to meet their finance and accounting staff needs this year.

That gap between workers and jobs has been growing since early in this decade.
A major cause is the big workload expansion facing most accounting departments as their companies struggle to keep up with new reporting and compliance requirements imposed in the wake of Enron and other corporate scandals.

Accountant shortage gets acute

Full post as published by inside Sarbanes Oxley on February 08, 2008 (boomark / email).