U.S. companies' concerns about hiring have dissipated in the past year. More finance professionals expect their organizations to add workers, according to the latest AICPA Business & Industry Economic Outlook Survey. Even though economic sentiment dipped slightly compared with the previous quarter, optimism is up on a year-over-year basis, as is company optimism.
Technological advances and market forces are helping position outsourced accounting services as an attractive line of business for certain firms. Technology author and business consultant Geoffrey Moore lays out a four-stage process to developing a high-value business for client accounting services.
Largely unnoticed as Europe and the U.S. struggle with financial problems, Japan's debt has expanded to monumental proportions that might be impossible to sustain. Economists have started to warn that Japan could become the next Greece. Japanese debt amounts to 230% of gross domestic product, compared with 165% for Greece.
Finance chiefs would have new ethical considerations under proposed changes to a global ethics code for accountants. The International Ethics Standards Board for Accountants is proposing steps that management accountants should take if they suspect fraud. That includes how and when to disclose this information to management, the board or external sources.