Big 5 Offer E-biz Strategies

Big 5 consultants are offering new e-biz strategies for high-tech companies. New services offered by Ernst & Young, LLP (E&Y) and KPMG allow clients to benchmark their business decisions and IT investments in areas such as hosted applications and e-commerce.

E&Y now offers application service providers (ASP) an auditing service that judges the ASP’s ability to securely host and manage rentable, web-based applications. The service begins with objectives and ends with a judgment on the ASP’s systems and controls in relation to those objectives. E&Y plans to announce later this week a major partnership with a vendor that will develop and offer a complete line of ASP services under E&Y’s management consulting division.

Of course, this is good news for companies looking to sell their wares. An “okay” by a Big 5 firm is an open invitation to sell customers on the recommendation. It’s also a good time for the Internet to have access to these services, with the ASP market poised to explode from the current $2 billion to about $22 billion by 2003.

Not to be left off the bandwagon, KPMG has just announced its new service called Saved. The new offering is a three-week assessment of e-commerce systems along with recommended improvements. Saved is aimed at startups or traditional companies that have had problems with deploying or maintaining their e-commerce initiatives.

You may like these other stories...

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...
For bitcoin users, the taxman cometh. And you best know how to calculate taxes owed on what the IRS calls convertible virtual currency.In March 2014, the IRS issued Notice 2014-21, which declares virtual currency will be...

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.