A new study from Robert Half and Financial Executives Research Foundation (FERF), the research affiliate of Financial Executives International (FEI), provides insight into professional standards across the finance function, including the average size of finance departments, hours worked and technologies used. The fourth annual report, Benchmarking the Finance Function 2013: The Inner Workings of Accounting and Finance, focuses on six key areas: workforce management, accounting operations, financial systems, sourcing, internal controls and compliance. The results are based on a survey of the finance departments of nearly 200 public and private companies in the United States and Canada.
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A majority of U.S. (74 percent) and Canadian (67 percent) finance and accounting executives surveyed recently said they expect their companies’ compliance burden to rise in the coming years, and 48 percent and 41 percent of U.S. and Canadian executives, respectively, also anticipate the cost of compliance will increase. These are just two of the findings from the fifth edition of Benchmarking the Accounting & Finance Function: 2014, an annual study from Robert Half and Financial Executives Research Foundation (FERF), the research affiliate of Financial Executives International (FEI).
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