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Silver Lining Time

The changes we can believe in are beginning to make their presence felt.  With hundreds of billions of (we hope) accountable dollars about to be unleashed into banking, industry, the sciences, infrastructure and our own personal checking accounts, will the ground shift perceptibly…seismically…not at all? How can we expect our industry to be affected? 

The bad news is that the whole mess is about finances.  That’s also the good news, considering our professional expertise.  Who’s going to solve all of these problems…if not us? 

Put on your work boots, all of you who specialize in litigation support, forensic accounting and restructuring—the bankruptcies will be coming hard and fast. Auditors, you’ll have your hands full also when the new administration launches overhaul of market regulations; the new regs will mean plenty of new oversight jobs.  Tax accountancy gurus, you will also be looking at very full plates.

Jobfox is an online career site that recently listed its predictions—all of which make sense to me, given the heavy (and welcome) emphasis the Obama team is putting on infrastructure, energy, technology, and community. The site tells us what skills will be in particular demand as the administration gets projects up and running.

They figure that along with tax and oversight work, anyone with strengths in compliance, internal audit or government regulation, will be a wanted man or woman. Got experience with financing roads, bridges, transit systems, rural broadband?  New green energy?  Energy grid integration? Health care modernization?  How about what’s the Obama people call “Volunteerism and Community Involvement?”

If you’ve been there and done that…your country needs you.

Our entire industry will benefit from this mess—so let’s consider ourselves about the luckiest of all the professions.  So don’t give up hope and do hang in there.  It’s silver lining time.

Tell me how you think all this action will affect you. 

Posted by David Flax, CPA on February 16, 2009 • Email to a Friend

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