Business Services Industry
Sarbanes-crazed clients make firms hustle to hire; Busy accountants resort to imports, higher pay to meet demand; Y2K redux?(Accounting)(Sarbanes-Oxley Act of 2002)
Crain's New York Business, September, 2004 by Fernandez, Tommy
Byline: tommy fernandez Protiviti inc. has a problem that most businesses would envy. The auditing firm had to double the staff of its Manhattan office to 160 this year in its race to meet clients' needs. But the firm is now hitting snags finding enough people to satisfy customers as business continues to boom.
"There is not enough supply to meet the demand,'' observes Joseph Tarantino, managing director of Protiviti's Manhattan office. "People with the required skills are being stretched and working very hard.'' Two years after the passage of the Sarbanes-Oxley Act-designed to clean up corporate governance-and 18 months after its first provisions took effect, accounting firms are galloping to catch up with demand for their services. Industry executives...
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