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%.
The Minnesota Society of CPAs has compiled a list of red flags that could trigger an audit from the IRS if they apply to your clients' tax returns.
The Top 100 Firms get creative when trying to retain top talent.
The Top 100 Firms share their best strategies.
The firms with the highest 2014 revenue growth in our Top 100 Firms/Regional Leaders list
Looking for rich clients? Here's a ranking of the top U.S. universities by number of ultra-wealthy alumni.
7 things you can learn during tax prep to build a stronger client relationship
The IRSís annual pick of the worst of the worst
The Minnesota Society of Certified Public Accountants recently surveyed its CPA members in public accounting on the most outrageous tax deductions clients tried to take on their tax returns. Their responses included everything from pets and weddings to cars impounded by the police.
Technology will give fraudsters an edge in 2015, but it will also provide new tools for organizations and investigators, according to three experts from the Association of Certified Fraud Examiners who were asked for their top fraud predictions for 2015.
Preparing your office for the race to April 15