Accounting Principals Advises Financial Institutions to Reform Compliance Teams Now to Gain Competitive Edge

JACKSONVILLE, Fla., Feb. 23, 2011 /PRNewswire/ -- Accounting Principals, a leading finance and accounting staffing provider, today released a white paper – "Focusing in on Risk and Compliance" – which offers an in-depth analysis of the increased regulation and compliance requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the necessary action financial services institutions must take to stay ahead of the curve.

The steps required of each company will vary vastly depending on the size of the organization, and reaching compliance can range from several months to several years. Regardless of size however, the time is now for chief financial officers, chief information officers, directors of credit, directors of compliance and directors of risk to appraise not only their existing risk platforms, but also the skills, experience and talent that will be needed to ensure they are prepared.

"While there is ambiguity and uncertainty surrounding the legislation, compliance is not optional," said John Marshall, president, Accounting Principals. "We are working closely with our clients to proactively prepare for the new risk and compliance requirements, and have developed this white paper to share our first-hand insights in order to help organizations not only survive but give themselves a competitive edge in the new, highly regulated financial world."

With no room for error, organizations big and small can no longer rely on a single individual or small team to manage the load of this expansive legislation, and should take both a short and long term approach to ensure they have the right team – with the right skills, experience and knowledge – in place to navigate the changing financial landscape.

To learn more about the impact of these new financial regulations and how your organization can find the right talent to be fully prepared, obtain a full copy of the white paper from your local Accounting Principals branch or visit www.accountingprincipals.com.

About Accounting Principals

Accounting Principals is a leader in the recruitment and placement of accounting and finance professionals, offering a complete range of workforce solutions in accounting, finance, mortgage and banking. Our nationwide branch network consists of experienced professionals that average five years of real-world accounting experience plus more than five years of finance and accounting recruitment experience. In addition to providing clients with a combination of temporary staffing, temp-to-hire and direct placement services, Accounting Principles also helps clients overcome their challenges through an in-depth understanding of their business needs. For more information, please visit www.accountingprincipals.com.

SOURCE Accounting Principals