Financial Executives International, a 15,000-member trade group headquartered here, has compiled what it considers to be the top financial challenges for 2008.

According to FEI president Michael Cangemi, the top hurdles awaiting CFOs and other C-suite financial executives in no particular order are:

* Fair value/subprime crisis/derivatives;
* Global convergence of U.S. GAAP;
* Complexity in financial reporting;
* XBRL (extensible business reporting language);
* Business combinations;
* Internal controls;
* Health care;
* Corporate taxation;
* Rating agency regulation;
* IRS policy of restraint/privilege.

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