AICPA Releases Top Technology Issues For 2001

Technological advances over the last ten years have become so interwoven with the accounting profession that it's hard to conceive how we could or can function without them. The AICPA just released the 2001 Top Ten Technology list.

"We're not surprised that security emerged as the most critical technology issue," said Alan Anderson, AICPA Senior Vice President - Technical Services. "The AICPA has long recognized the importance of information security, which led to the development of new services such as SysTrust and WebTrust."

The AICPA addressed the financial reporting issue in its XBRL initiative XBRL.ORG which involved the creation of an XML-based specification for the preparation and exchange of financial information across all formats, including the Internet.

The Top Ten Technology issues for 2001, in order of importance, are as follows:

  1. Information Security and Controls
  2. E-Business
  3. Elecronically Based Business and Financial Reporting
  4. Privacy
  5. Training and Technology
  6. Disaster Recovery
  7. Quality of IT Personnel
  8. Quality of Service
  9. Electronic Audit Trail
  10. Application Service Providers

In addition, there are lists for Top Ten Applications and Top Five Emerging Issues. Further details may be found at TopTenTechs.

For more details visit the AICPA site.

You may like these other stories...

Cybersecurity is no longer the domain of an organization's IT staff. It's moved to the boardroom, and in a big way. Accountants and financial managers may have been thinking it's just the province of the tech...
You probably don't want to think about how many times you access the File menu in Excel 2010 or 2013. Personally I think Excel 2010 has the best possible File menu arrangement, other than having Print Preview grafted...
Following other recent high-profile hacking events, investigators discovered yesterday that hackers broke into the draft work paper files of several famous CPA firms. Revealing images of the scantily clad documents have been...

Already a member? log in here.

Upcoming CPE Webinars

Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 21
Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience's communication style.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.