Report: Sarbox Increases Need for Financial Talent

According to a new special report examining the effects of the Sarbanes Oxley securities-overhaul act, hiring demand for experienced financial talent is rising quickly, reports CareerJournal.com.

Passed in the wake of the scandals at Enron and WorldCom (now MCI), Sarbanes Oxley, which tightened auditing and accounting rules and regulations, has brought pressure on companies and accounting firms to hire additional qualified senior-level talent.

The new regulations also are likely to spur demand for financial executives among companies that traditionally haven't had to develop this kind of expertise. These include hedge funds and their service providers, the majority of which will become subject to oversight by the SEC in early 2006.

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