Bethesda, Md. (Sept. 9, 2003) -- New compliance requirements such as those generated by Sarbanes-Oxley pushed the responsibilities and salaries of finance and accounting professionals to new levels in 2003 as average pay increased by 6.3 percent overall, according to a recent Association for Financial Professionals survey.
AFP research showed that cash managers receiving the most significant salary boost in 2003, with a 10.3 percent increase. A cash manager will average $58,000 in earnings this year, the survey found, while a chief financial officer will earn about $193,200.
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