AICPA Top 10 Tech
The American Institute of CPAs released its annual Top Technology Initiatives Survey, which ranks the IT issues of most concern to accountants and their clients.
The Top 10 follow, along with the percentage of respondents who felt either confident or highly confident that their client or organization is handling the task appropriately.
1. Securing the IT environment
Security -- in many forms -- was a major component of many of the Top 10 Tech Initiatives. Handling it well: 62%.
2. Managing and retaining data
Data wants to be free -- but you can get sued for that. Handling it well: 61%.
3. Managing risk and compliance
You used to worry that a staffer was breaking the law; now you have to worry about your software, too. Handling it well: 65%.
4. Ensuring privacy
It's not just Facebook and Google whose privacy policies matter. Handling it well: 62%.
5. Leveraging emerging technologies
The pace of change makes keeping up a critical capability. Handling it well: 34%.
6. Managing system implementation
It's the kind of thing you want to get right the first time. Handling it well: 52%.
7. Enabling decision support and managing performance
Data should make decisions easier -- in theory. Handling it well: 46%.
8. Governing and managing IT investment/spending
Metrics and measurements for ROI are slowly emerging. Handling it well: 56%.
9. Preventing and responding to fraud
A perennial concern is getting easier with more sophisticated tools. Handling it well: 60%.
10. Managing vendors and service providers
Gone are the days when your relationship ended with the purchase. Handling it well: 56%.
Summer is well underway, and now is a great time to help your clients and their dependents with the tax tips in this slideshow written by Michael Sonnenblick of Thomson Reuters Checkpoint.
Tips on how to make working at home pay, from the Illinois CPA Society
The IRS shares some advice on fixing a return
Some of our favorite examples of professionals breaking bad
A look at the many ways different CPA firms are contributing to their communities
Short, useful reads for your summer vacation
Moving to Web-based apps? Get answers to these questions first.
Along with establishing a good work ethic and building time and financial management skills, a summer job also means learning about the obligatory duty of paying taxes. Here are some tips for tax clients with children working summer jobs from Abigail Schaffer, a staff accountant at Kessler Orlean Silver & Co.
The IRS has put together its annual selection of advice for members of the military
Bruce Tulgan shares the best ways to keep your young stars