CPAs increasingly asked to address IT challenges for clients
Certified Public Accountants are increasingly being asked to solve information technology problems for clients and prospective clients, according to the 2010 Top Technology Initiatives Survey by the American Institute of Certified Public Accountants (AICPA).
- Are we ensuring that our data and technology resources are protected against hacking, viruses, or other compromises?
- Are we considering or implementing organizational security precautions even though we haven’t had a data breach or loss?
- Are our current internal controls and IT governance policies and procedures effective?
- Are we receiving the most relevant and current information from our reporting functions (business intelligence, dashboards, etc.) or are there areas for improvement?
- Have we implemented sound, appropriate privacy policies and procedures within the organization and for our customers?
- Are we appropriately considering the IT risks associated with the organization in an initial planning of any audit or attest engagement?
- Are we capturing the appropriate control objectives during the initial planning of any audit or attest engagement to address the IT risks associated with the organization?
- Should we refresh our core and financial accounting software to leverage technology efficiencies every few years?
- Can our data remain safe if we utilize cloud computing services or Software as a Service (SaaS)?
- Can we deliver on our service and product promises to our customers if we utilize cloud computing services?
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.