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Exploiting technology to create new business value now trumps efficiency as the chief focus of information technology. Leadership and governance of IT in your firm must change in order to exploit new opportunities.The printing press changed the world, as did the telephone. We are currently in the middle of the Internet evolution. What worked five years ago no longer keeps up with client demands and internal requirements.
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In Part 1 of this article (Sept. 22-Oct. 5, 2008, page 27), I mentioned that I would discuss the changes that accounting firms need to embrace today. Here they are:1. Customize services - one size does not fit all. To meet the challenge of running smarter, firms must learn - as product companies have - that one size does not fit all. Firms today are offering customized services to their diverse client base. Even all clients in the same niche will not require the same level and type of service.
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DELOITTE TO LAY OFF 2% OF U.S. EMPLOYEESNew York - Deloitte & Touche plans to cut about 900 employees from its offices in the U.S. to adjust to the slowing economy. Less than 2 percent of Deloitte's 45,000 employees would be affected. The cuts are expected to occur in a short time and not in any particular location.
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ALABAMABarfield Murphy Shank & Smith, Birmingham, was named to Inc.'s 2008 list of the 5,000 fastest-growing private companies in the country. It is the only CPA firm in Alabama to make the list and one of only six firms nationwide.
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OCTOBER6: New Jersey Ethics, National Conference of CPA Practitioners, New Jersey Chapter. Victor's Maywood Inn, Maywood, N.J. Contact: Fred Bachmann (973) 377-2009.
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Leadership style -- Personal mantra -- Biggest mistake women make when starting out -- Best management tip -- Best advice they've ever receivedLISA CINES
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Krista McMasters hasn't celebrated her new executive position at regional CPA and business advisory firm Clifton Gunderson just yet.
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