OUR THOUGHTS ON:

AICPA Introduces 2010 Top Technology Initiatives Survey Results

Technology

By Eric Wright

Since 1990, the AICPA has been surveying business owners to gain a better understanding of the technology challenges that organizations are facing. This year they expanded the survey to include the most important technology questions that management is constantly wrestling with. Below are the top ten questions that are at the forefront of their minds:

  1. Are we ensuring that our data and technology resources are protected against hacking, viruses, or other compromises?
  2. Are we considering/implementing organizational security precautions even though we haven't had a data breach or loss?
  3. Are our current internal controls and IT governance policies and procedures effective?
  4. Are we receiving the most relevant and current information from our reporting functions (business intelligence, dashboards, etc.) or are there areas for improvement?
  5. Have we implemented a sound/appropriate privacy policies and procedures within the organization and for our customers?
  6. Are we appropriately considering the IT risks associated with the organization in initial planning of any audit or attest engagement?
  7. 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?
  8. Should we refresh our core and financial accounting software to leverage technology efficiencies every few years?
  9. Can our data remain safe if we utilize cloud computing/Software as a Service (SaaS) services?
  10. Can we deliver on our service and product promises to our customers if we utilize cloud computing/Software as a Service (SaaS) services?

“2010 AICPA Top Technology Initiatives Survey Results.” 1 June 2010. American Institute of CPAs. <http://www.aicpa.org/Press/PressReleases/2010/Pages/TopTech10.aspx.>

For the full list of AICPA technology survey results, click here.

 

How many of these questions does your company have to contend with?  

Contact Eric Wright, Shareholder, Technolgy Advisory Services, to learn how the Schneider Downs technology group can help your organization answer this question.

 

 

 

Schneider Downs provides accountingtax, wealth management, technology and business advisory services through innovative thought leaders who deliver the expertise to meet the individual needs of each client. Our offices are located in Pittsburgh, PA and Columbus, OH. 

This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax-related matter.

 

 

 

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2018 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

comments