Financial Executives International has written a report listing the top challenges it sees for financial executives next year. Among them are:
- Economic recovery and the U.S. economic outlook.
- Health care reform.
- Employee benefits.
- Financial regulatory reform.
- Global convergence of U.S. GAAP and International Financial Reporting Standards.
- Business taxation. President Obama’s fiscal 2010 budget submission calls for reform of the U.S. tax rules relating to foreign source business income and for repeal of the last-in, first-out accounting method.
Be sure to keep your clients informed about these and other issues. Your clients are looking for proactive advice from your firm!