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 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 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 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 4. Ensuring privacy

It's not just Facebook and Google whose privacy policies matter. Handling it well: 62%.

5. Leveraging emerging technologies 5. Leveraging emerging technologies

The pace of change makes keeping up a critical capability. Handling it well: 34%.

6. Managing system implementation 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 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 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 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 10. Managing vendors and service providers

Gone are the days when your relationship ended with the purchase. Handling it well: 56%.



Accountants Giving Back

A look at the many ways different CPA firms are contributing to their communities

View the slideshow >>


2016 Summer Reading for Accountants

Short, useful reads for your summer vacation

View the slideshow >>


12 Questions to Ask Your Cloud Provider

Moving to Web-based apps? Get answers to these questions first.

View the slideshow >>


6 Tax Tips for Students Working Summer Jobs

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.

View the slideshow >>


Tax Tips for the Armed Forces

The IRS has put together its annual selection of advice for members of the military

View the slideshow >>


6 Tips for Retaining Millennials

Bruce Tulgan shares the best ways to keep your young stars

View the slideshow >>


Top 15 Accounting Firm Taglines

Our favorite firm slogans from around the CPA profession.

View the slideshow >>


Top 10 Challenges of Managing Multiple Accounting Offices

Consolidation in the accounting industry has resulted in more accounting firms juggling multiple locations. Maureen Schwartz, executive director of BKR International, provides a top 10 list of challenges as well as guidance for multiple-office practice management.

View the slideshow >>


What to Do When Your Identity Has Been Stolen

A step-by-step guide for victims of ID theft (and their advisors)

View the slideshow >>


The 'Tax Warrior' Creed

Philadelphia firm Drucker & Scaccetti creates a warrior mindset

View the slideshow >>