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.

You may like these other stories...

I recently talked with Doug Sleeter about the current state of the small business consulting profession. We talked about how consultants have great opportunities for competitive differentiation by taking full responsibility...
By Shawn Moriarity, Senior Consultant, SageworksRemember dating in high school? You know that guy or girl who you liked but were pretty sure didn't feel the same way about you? It's likely that you doubtless spent...
By Shawn MoriarityYour car's fuel gauge reads empty and you need to find a gas station. Despite BP's new ad campaign or the magazine article you recently read about ExxonMobil's efforts to "go green,"...

Upcoming CPE Webinars

Jul 16
Hand off work to others with finesse and success. Kristen Rampe, CPA will share how to ensure delegated work is properly handled from start to finish in this content-rich one hour webinar.
Jul 17
This webcast will cover the preparation of the statement of cash flows and focus on accounting and disclosure policies for other important issues described below.
Jul 23
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.