Careers

Community News

Companies Struggle with New Chief Compliance Officer Position

The overwhelming range of new duties brought on by corporate reform legislation has prompted many companies to create the position of chief compliance officer.The problem is, companies are not always clear on who the chief compliance officer should report to or even what that person should do, the Wall Street Journal reported.The Sarbanes-Oxley Act does not require the new position, but 36 percent of companies now have a chief compliance officer, according to a recent study from market research firm Meta Group.
Education & Careers

Corporate Scandals Attract Students to Accounting

Have accountants finally shed their dry bean-counter image? Can accounting be viewed as a ‘sexy’ career choice?Maybe so, if the number of new accounting majors among college freshmen is any indication. Academics say the seemingly never-ending series of corporate scandals over the last few years has piqued the interest of today’s students.Consider these numbers provided by the AICPA and reported by the Wall Street Journal: The number of accounting degrees awarded nationwide in 2003 jumped 11 percent from the year before.
Tax

IRS to Appeal Accounting Decision to Raise Accounting Qualifications of New Hires

The Internal Revenue Service (IRS) announced this week it plans to appeal a decision by a federal arbitrator that the agency cannot raise the accounting qualifications for newly hired revenue agents.On July 9, an arbitrator ruled that the IRS cannot raise the number of required accounting credit hours from 24 to 30.IRS Commissioner Mark W.
Education & Careers

High School Students Find Accounting Has Strong Appeal

A high school internship program has exploded some myths about accounting while encouraging more Albany-area minorities to consider a career in the field.Jihad Ramdene, 18, will start at the state University at Albany as a business major in the fall, much to his own surprise.
Community News

The Six Traps of Accounting & Finance Careers

By Bruce Pounder Many accounting and finance professionals find themselves frustrated in their career progress. Few of them expect something for nothing - most recognize that hard work and talent are necessary to secure desirable career opportunities and superior compensation. Yet so many smart, hard-working financial professionals find that their intelligence and diligence goes unrewarded while colleagues who exhibit the same talent and effort enjoy much more rewarding careers.

Survey: Flexible Scheduling Tops the List of Valued Benefits

What perk do today’s workers appreciate most? According to 30 percent of chief financial officers (CFOs) polled recently by Accountemps, flexible schedules top the list. Retirement savings plans ranked second, cited by 17 percent of those surveyed, followed closely by extra time off with 16 percent of the response. The national poll was conducted by an independent research firm and developed by Accountemps, the world’s first and largest specialized staffing service for temporary accounting, finance and bookkeeping professionals.

Marginal Salary Raises Reflect Cautious Times

The economy may be picking up, but cautious employers are granting only marginal pay increases and don’t plan to do much more than that in 2005, the Associated Press reported.Two recent surveys found that on average, companies are planning for salary increases of 3.3 percent to 3.5 percent this year, which makes this the third consecutive year when average raises fell below the 4 percent or more level that was commonplace in the 1990s.

Defense Department to Hire up to 300 Auditors

In an effort to gain a clean audit opinion by 2007 and to comply with the 1990 Chief Financial Officers Act, the Defense Department will take advantage of a rarely used direct-hire authority to immediately bring 300 experienced auditors on board over the next few years.The authority was approved Monday by the Office of Personnel Management, and allows the DoD to hire auditors at grade levels 11 through 15 for the Office of the Deputy Inspector General for Auditing, Government Executive reported.The direct hire authority allows agencies to hire qualified candidates without the long drawn
Community News

Three Things Every Recruiter Looks for in a Resume

By Deborah Walker, CCMCIf you are in the middle of a job search, recruiters can be either your friend or your foe. They make the choice to keep you out of the hiring process or to introduce you to corporate hiring decision makers. The quality of your resume is a key factor in determining how recruiters will treat you in the job market.
Community News

E&Y Employees Get Perks Even After They Depart

Ernst & Young LLP has learned that staying connected to employees who leave the firm is good for business.About five years ago, the Toronto-based accounting firm decided to ask former employees what the company could do for them, even though they no longer drew a paycheck from E&Y. Colleen Albiston, E&Y's director of national marketing, traveled around Canada and found a strong desire for continuing education. Former staffers were given the same access as current employees to E&Y-sponsored webcasts that discuss developments in the field.
Community News

Regional Firm Raises the Bar for Competition With Web Site

Gilbert Associates, Inc. recently annouced the launch of their redesigned Web site at www.gilbertcpa.com With the use of streaming video, the firm's Web site now has the impact of a successful television and print campaign online. Managing Principal, Thomas Gilbert, provides a brief commercial on the homepage directing clients, guests and future employees to different areas of the site. Colleen Harrison, Gilbert Associate's Marketing Director commented, "We are extremely pleased to announce the completion of our Web site.
Practice Management

Effective Employee Incentive Programs: Bring Out the Best in Your Firm

By Lisa A. Rozycki, Marketing Director, Reinsel & Company LLPIn a firm-wide marketing survey, employees were asked what would motivate them to market the firm’s services. Not surprisingly, the top two answers were "incentive compensation" and "recognition" for their efforts.Like many CPA firms across the country, we’ve had the standard commission structure on new business and cross-selling services to existing clients for a number of years. Three years ago, the paper forms that needed to be filled out for compensation almost never left the shelf.
Education & Careers

Tips For Small Business Owners and Summer Vacations, Don’t Worry, Plan!

With summer officially here and the Fourth of July holiday approaching, many small business owners are getting ready for vacation. Recent survey data from the OPEN Small Business Network 2004 Semi-Annual Monitor from American Express provides insight into small business owners' summer vacation plans.
Practice Management

With Help of Accounting Industry, Career Paths are More Clearly Defined

Men in the accounting field aren't alone anymore on the path to becoming partners in their firms. CPA firms are making great strides toward assuring women the same opportunities as men by providing mentoring and a clearly defined path to success.The latest data available from American Colleges and Universities shows that in the 2001-2002 academic year, 57 percent of those receiving bachelor's degrees in accounting were women, compared to 43 percent male accounting graduates. Over one-third of all these graduates will take their first job in public accounting.
Practice Management

Workplace Harassment is Not Just about Sex Anymore

Last year the U.S. Equal Employment Opportunity Commission (EEOC) resolved 87,755 charges of employment discrimination for $236 million in monetary and other benefits. Sexual harassment and gender-related claims made up only 30 percent of the cases. So what are employers doing wrong now? The largest number of EEOC complaints (35.1 percent) came from allegations of race discrimination.
Practice

One-in-Five Women Are Paid Less and Have Fewer Career Opportunities

Pay disparity continues to be a concern for one-in-five women who say they are paid less than men with similar talents and experience. The same amount of women reported they have fewer opportunities for career advancement than men at their current organizations, according to a new CareerBuilder.com survey. The CareerBuilder.com "Men and Women at Work 2004" survey of men and women was conducted from April 6 to April 19, 2004. When asked why they think men are paid more, four-in-ten women attribute it to favoritism shown by men in management to other men in the organization.
Education & Careers

Accounting and Finance Job Hiring Expected to Increase in Third Quarter

Chief financial officers (CFOs) surveyed for the Robert Half International Financial Hiring Index anticipate a net four percent increase in the hiring of accounting and finance professionals during the third quarter, down two points from the second-quarter forecast but up four points from hiring projections made this time last year.
Practice

Survey Says, Employees are Dissatisfied with Managements’ Communication Skills

Do you feel like your boss doesn't communicate very well? You're not alone. A new survey finds a majority of professionals across many industries rate their boss average to poor when it comes to communication skills.A whopping 91% of those surveyed said effective communication is "critical" to leadership, yet less than one third said that there were enough true voices of leadership in their organizations.
A&A

How to Manage a Rapidly Growing Business

By Alvah Parker While some new business owners face the issue of not enough customers, others face the issue of too many customers/clients. Both are serious issues and must be dealt with carefully. There are many lists on how to find new customers/clients. Here is a list of 10 ways to deal with a rapid influx of new customers.
Education & Careers

Nonprofit Executive Pay Placed under IRS’ Microscope

Corporate executives are not the only ones whose pay is being scrutinized — top officials at nonprofit organizations can expect regulators to take a hard look at how much they earn.The Internal Revenue Service and state regulators are planning to contact hundreds of nonprofit organizations about pay practices for their top officials. Some groups may be audited.Steve T. Miller, director of the IRS' exempt-organizations division, told the Wall Street Journal that the agency has identified between 100 and 200 groups in which an executive or board member earns more than $1 million a year.

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