Article Abstract:
The pharmaceutical industry is undergoing transformation as a result of rising research and development costs, escalating competition and major cuts in federal and provincial health-care expenditures. In response to these challenges, pharmaceutical companies are being merged with other firms, acquiring other organizations or entering in strategic alliances. In this environment, chartered accountants, considered as major players in these developments, should take advantage of opportunities.
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Article Abstract:
Chartered accountants (CAs) and accounting firms should anticipate the needs of their clients to prevent loss of customer confidence. Accountants should help their clients accomplish timely financial statements and offer services which are badly needed by the client without the customer asking for it. CAs need to be persistent in encouraging their clients to take positive action when they are in financial danger.
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Article Abstract:
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