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Fed's Bies::challenges for accountancy

In the speech 'Challenges Facing the Accounting Profession Today' given on 28 September Susan Schmidt Bies of the Federal Reserve said the U.S. labour market "looks like it is picking up again," after slowing in June and July.

Bies concluded by saying she hoped her views will give you an opportunity to think about some of the challenges both accountants and auditors face in today's business environment. "The accounting industry should be cautious and prudent as it debates the merits of fair value

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