Largest Year-End Projects Related to Y2K | AccountingWEB

Largest Year-End Projects Related to Y2K

A new study by PricewaterhouseCoopers finds that the majority of companies surveyed are heavily concentrating on Y2K preparedness in areas of investment, staffing and other matters. U.S. businesses with revenues of more than $100 million were included.

In addition, an overwhelming 71 percent of companies said preparing for the new year was the largest information technology (IT) project they had conducted within the past five years.

One of the more positive aspects reported by PWC in the survey is that companies grew closer with their IT functions and departments in areas of understanding and solidifying the role of technology.

In a related story, the White House Office of Management and Budget reports that 99.9 percent of the government's most important systems are Y2K-compliant.

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.