CAs Face the Heat as Global Economic Crisis Fades Off

With the economic recession now in the backburner, you would have thought that the pressure on the chartered accountants in London and elsewhere had subsided. Wrong! In fact, the CFOs now wish they had been abducted by UFOs, that is the amount of tension and responsibilities being mounted on their broad but limited shoulders!


The recession has given way to hope and bleak signs of economic revival. This is propped up by Mr. Barack Obama’s statement that the official recession was over. Now that the commoners and the firms have signed a breath of relief, CFOs are in the opposite end of the coin.

The dark side of the moon is shining on chartered accountants, with increased scrutiny of their performances and a gigantic focus on them as catalysts to financial and business growth – the CAs are really having it rough in the UK and beyond.

So until recently CFOs and CAs had been score-pointers, and were almost invisible from the frontline. The situation has changed so drastically that today most firms cannot dream of doing away with their accountants and financial experts – knowing that this will be hara-kiri on their part.

The only shining light in these times of increased is the amount of limelight and attention the financial professionals are getting. All because with great hope, comes great responsibility. And for all that banter, chartered accountants in London are the only ones that are not in the fray of being laid off – no matter how bad the financial situation gets!