A Growing Contagion: Accounting Fatigue Syndrome

Like many finance executives, Terry Lillis, CFO of Principal Financial Group, is tired. The constant stream of guidance from regulators and accounting standard-setters -- plus the expected inflow of more to come over the next few years -- has created "huge accounting fatigue" among his finance staff, he told a roomful of finance chiefs at the CFO Rising conference in Orlando this week. In fact, he put employee fatigue at the top of his list of concerns for 2010.