Replacing outdated financial reporting systems could equal spending.(Business)

0 Comments | Daily Herald (Arlington Heights, IL), December, 2002

Byline: S. A. Mawhorr Spending on technology across corporate America might see a spike early next year as companies struggle to adhere to stricter financial reporting rules and shorter deadlines, according to CIO Insight Magazine, a trade publication for information officers. The magazine estimates as many as half of the information systems in the nation's companies aren't equipped to handle the new reporting requirements.

Abiding by the new rules could be the single biggest spending impetus in the first quarter next year, according to Gary Riske, a partner in KPMG's risk practice. Purple Squirrel: Naperville-based IT Associates recently was ranked 29 on the Purple Squirrel 100 of fastest growing information technology staffing companies in the nation....