COMPLIANCE PRESSURE DRIVES MORE CONTROLS FOR MID-SIZE COMPANIES: UHY LLP SURVEY - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

COMPLIANCE PRESSURE DRIVES MORE CONTROLS FOR MID-SIZE COMPANIES: UHY LLP SURVEY

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Middle market companies must expand their fiscal and operating controls in the areas of financial reporting, healthcare and benefits to be safe in today’s regulatory compliance environment, according to a survey of financial managers by Houston accounting firm UHY LLP and Financial Executives International.

August 5, 2014

Houston, Texas, USA – August 5th, 2014 /PressCable/

Financial and regulatory compliance pressures are requiring middle market companies to implement a growing array of
operational and fiscal control measures, a survey of Houston financial managers
by the UHY LLP Houston accounting firm and Financial Executives International (FEI) has
found.

More than four-in-ten financial executives identified financial report-ing and
controls in a UHY-FEI survey as the most pressing compliance need for middle
market companies. Another one-third saw the greatest control need in the area
of healthcare and benefits.

The survey was conducted this morning among financial executives attending the firms’ CFO Summer Breakfast Series in Houston. Slightly over one-in-ten respondents
reported a need for expanded IT and infrastructure controls, while 9 percent
saw needs elsewhere.

“While middle market executives see the need for specific controls to achieve or maintain compliance standards, their emerging concern is much greater than financial reporting,” said UHY Advisors Principal Christopher Lozier. “It’s about getting double duty from compliance measures so processes and efficiency can be improved while also reducing risk, achieving compliance and getting better business results.”

The series of UHY LLP- and FEI-sponsored private breakfasts continues Tuesday, August 19th with a session
on “The 21st Century CFO: A.T.F. (Accounting, Transaction and
Finance).” Registration information is available at http://www.uhy-us-media.com/events/2014-summer-series/.

UHY LLP, a licensed independent CPA firm in
Texas, performs attest services through an alternative practice structure with
UHY Advisors TX, LLC. UHY Advisors TX, LLC conducts operations in Texas as a subsidiary of UHY Advisors, Inc. The firm
also has an office in Dallas. UHY Advisors, Inc. and its subsidiary entities
have nearly 1,000 professionals providing services from offices throughout the
United States. UHY Advisors is ranked as one of the Top 20 professional
services firms providing tax and business consulting services in the country by
Accounting Today.

UHY Advisors, Inc. and UHY LLP are U.S. members of
Urbach Hacker Young International Limited, a UK company, and form part of the
international UHY network of legally independent accounting and
consulting firms. “UHY” is the brand name for the UHY international network.
For additional information, please visit their website at www.uhy-us.com/.

UHY LLP is a licensed independent CPA firm that erforms attest services. UHY Advisors, Inc. and its subsidiary entities are not licensed CPA firms.

Financial Executives International is the leading advocate for the views of corporate financial management. Its
15,000 members hold policy-making positions as chief financial officers,
treasurers and controllers at companies from every major industry. FEI enhances
member professional development through peer networking, career management
services, conferences, teleconferences and publications. Members participate in
the activities of 86 chapters, 74 in the U.S., 11 in Canada and 1 in Japan. FEI
is headquartered in Morristown, NJ, with additional offices in Washington, D.C.
and Toronto. Visit www.financialexecutives.org for more information.

Contact Info:
Name: Tom Sommers
Email: tsommers@sommersassoc.com
Organization: Sommers & Associates
Website: www.uhy-us.com/
Phone: 713-222-1600

ReleaseID: 58202

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