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Vol. 7 #5, May 2008

International Business on the Rise for U.S. Companies, Survey Shows
In a nationwide survey of senior executives, three out of five (61%) respondents said their companies are doing more international business today than five years ago.  The survey was developed by Robert Half Management Resources, a provider of senior-level accounting and finance professionals on a project and interim basis. The national poll includes interviews with 150 senior executives including those from human resources, finance and marketing departments.

"As more companies experience an increase in international business, an exceptionally prepared workforce is necessary to compete on a global basis," said Paul McDonald, executive director of Robert Half Management Resources. "Firms today need a common understanding of cultures, languages and ethical standards to better serve customers across different countries and time zones. … Accounting and finance departments within firms that operate globally will require professionals skilled in both generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS).”