The Coming Regulation Revelation: Why Microsoft Dynamics GP and SL Users Should Be Well Prepared
Use the words "Madoff," "economic meltdown," and "new Administration" in one sentence, then try to convince somebody that increased accounting regulation isn't coming.
Of course there will be abundant new initiatives to keep tabs on, and control of, company finances. What we don't know is precisely how increased regulation will impact our corporate books-or how soon.
Such entities as the Securities and Exchange Commission and Public Company Accounting Oversight Board will be front and center in the effort to ramp up regulation. Expected outcomes tied to the incoming Obama Administration include increased scrutiny of financial institutions coupled with more strict accounting procedures.