Tech CFOs Cope With Regulatory Changes


TECH TALK

Should shareholders approve executive compensation plans?

According to a recent survey, only 31% of technology CFOs said their company allows shareholders to vote on these plans, yet 61% personally felt shareholders should have a say.

In its 2008 Technology Outlook Survey , BDO Seidman examined the opinions of 100 CFOs at leading U.S. technology companies with annual revenues between $100 million and $15 billion.

Other findings included:

67% said their company’s executive compensation plans were affected by legislative and regulatory changes—such as IRC § 409A and FASB Statement no. 123(R). More than one-quarter (27%) described the impact as high.

49% and 36% identified Sarbanes-Oxley section 404 and FIN 48, respectively, as the financial reporting requirements that posed the greatest compliance challenges. Only 12% cited section 409A.

54% managed SOX section 404 compliance function in-house, while only 11% said they outsource the function to an external provider. More than one-third (35%) said they co-source compliance through a combination of in-house and outsourcing.

Source: BDO Seidman LLP, www.bdo.com .


SPONSORED REPORT

Tax reform complicates year-end tax planning

Get your clients ready for tax season with these year-end tax planning strategies, which address how to make the most of recent tax law changes, such as the new deduction for qualified business income and the cap on the deductibility of state and local taxes.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.