London, 26th August 2009
Technical accountants get busy
A quick glance at the IASB Workplan projected from this summer indicates just how busy accountants who are expert in technical matters are likely to be for the next 6-months and beyond. In addition to whatever the IASB and FASB have going on independently, their joint initiative arising out of the global financial crisis, the Financial Crisis Advisory Group (FCAG) has only added to the burden of discussion and consultation that we will witness for the foreseeable future.
The Financial Crisis Advisory Group (FCAG) comprises recognized leaders from the fields of business and government with a broad range of experience in international financial markets and an interest in the transparency of financial reporting information. Its primary mandate is to will consider how improvements in financial reporting could help enhance investor confidence in financial markets.
The advisory group also will help identify significant accounting issues that require urgent and immediate attention of the boards, as well as issues for longer-term consideration.
Increased demand for technical accounting skills
This increased workload has already started to produce a corresponding demand for those accountants who do what they do best - specializing in the sort of technical accounting work that is never really lauded amongst their financial peers but actually provides the bedrock of what makes the accounting profession so important to the way the business world, and those who participate in and regulate it, operates.
If you have a strong bent for technical financial analysis, thorough research and an ability to translate this into clear and concise technical reports then there has never been a better time to look to develop those skills further. The time for technical accountants is here and now. At Maven Partners we are expertly connected to the various specialist teams and official agencies that require these skills and are witnessing a steadily increasing demand for them.
Rob Stephenson is a Managing Partner at Maven Partners, a specialist recruitment services business.
+44 (0)207 061 6421