SOURCE: Accounting Management Solutions

June 21, 2006 09:51 ET

Story Ideas From Accounting Management Solutions, Inc. -- June 2006

WESTBOROUGH, MA -- (MARKET WIRE) -- June 21, 2006 --Following are story suggestions from Accounting Management Solutions, Inc., Accounting and Financial Management Experts.

1) Small-cap companies that wait to comply with Sarbanes-Oxley (SOX) will pay up to three times as much to get the work done.

Because companies with a market capitalization below $75 million must report 2007 financial data, many feel they have plenty of time. "The longer you wait to begin to prepare for SOX compliance, the more expensive it will be," says Connie Wright, Managing Director of the Middle Market Practice at AMS.

2) Lateral hiring from outside the company is becoming more common, but attracting the right people remains challenging.

Before looking for candidates to make a lateral move, hiring managers need to clearly understand where their company stands in its marketplace, says James R. Cote, Director of Recruiting Services at AMS. Being completely forthright with the candidate -- about the nature of the job and what is required to do it -- is crucial so that candidates have realistic expectations and won't leave shortly after starting.

3) Stay-at-home mothers represent an available source of finance and accounting professionals.

Companies that are experiencing difficulty finding properly qualified finance and accounting professionals should consider the many women who used to work in the field but who left to raise children. They're experienced, knowledgeable, are great time managers, and available part time. Companies that are flexible in the way they work can tap this source of expertise, says Leigh Tucker, Managing Director of the Nonprofit Practice at AMS.

Accounting Management Solutions, Inc. (www.amsolutions.net) is New England's leading provider of outsourced accounting, financial management, and recruiting services to emerging companies and public, private, and nonprofit organizations. Services include interim and part-time accounting and financial management professionals, Sarbanes-Oxley compliance support, and financial consulting.

TO REPORTERS AND EDITORS: See contacts below if you would like to speak with these and other experts at Accounting Management Solutions on issues relating to accounting and financial management and related recruiting trends.

Contact Information

  • Contacts:
    Peter Lowy
    Business Communication Strategies
    Tel: 781-326-9980
    Email: Email Contact

    Paul Ryan
    Accounting Management Solutions
    Tel: 508-983-1949
    Email: Email Contact