It is likely that we have all been told to get our heads out of the clouds at one point in our lives. However, emerging technologies are now forcing us to get our heads into the “cloud” and our hands on our mobile data.
Mobile computing, remote computing, social media, big data and cloud computing have enabled CPAs and others to access, use and manage information most anywhere, at any time.
While these technologies are expected to drive 90% of the growth of the IT market from 2013 through 2020, determining out how to best leverage them is a hot issue for the accounting profession. In fact, the issue of leveraging emerging technologies ranked among the top ten technology initiatives in both the U.S. and Canada according to the AICPA's 2013 North America Top Technology Initiatives Survey results.
Continue reading "Managing the Risk of Emerging Technologies" »
At the beginning of a new year, many people create lists of resolutions or goals for the future. Just like you, companies make resolutions, too. Sometimes companies devise intricate ways to monitor and measure results against these goals. Yet, even with these seemingly adequate preparations in place, one continues to hear and read about project failures with nearly 50 percent of enterprise system implementation projects deemed failures. After a poor go-live, there is plenty of finger-pointing, usually at the external implementation and vendor team. But, from my perspective, there is also a significant amount of blame that should be shared by the user organization.
So as a CPA and consultant, I would like to offer some resolutions for companies to keep when implementing a new computer system or undertaking an upgrade effort. These resolutions are based on an aggregation of observations during my work troubleshooting and resolving problems after the fact, and are not unique to any one client experience but are common to many engagements.
Continue reading "4 Resolutions for Business Solution Implementation Projects" »
Every organization wants to get the most out of its IT initiatives – without spending more than is needed or realizing that you have not spent enough to get the job done until it is too late. The key to achieving this depends on how your organization governs and manages its IT investment and spending – and having effective policies and procedures in place can help you to do just that.
The issue of governing and managing IT investment and spending was one of the top 10 technology initiatives in the AICPA’s 2013 North America Top Technology Initiatives Survey results, which was conducted jointly with the Chartered Professional Accountants of Canada. Governing and managing IT investment and spending ranked eighth in the top ten technology initiatives in the U.S. and was the fifth biggest concern in Canada. However, only 38% of survey respondents in both countries felt confident or highly confident in the ability of their clients’ organizations or their organizations to address this technology initiative. So, how can you elevate those confidence levels? By determining how to effectively maximize your IT ROI.
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In order to make the right decisions, you have to have the right information. While that statement seems overly simple, the truth is that many organizations often rely upon the wrong information when making important strategic decisions. The issue of Enabling Decision Support and Analytics was one of the top ten technology initiatives reported by the 2013 North America Top Technology Initiatives Survey, a joint effort between the AICPA’s Information Management & Technology Assurance Division and the Chartered Professional Accountants of Canada.
Sometimes having the right information to make the right decisions does not happen when an organization's information architecture does not support effective reporting or management has not supported an investment in business intelligence-related projects. As a result, management may receive inaccurate or incomplete reports and may be at greater risk of making poorly informed business decisions. The issue of enabling decision support and analytics is a concern for many organizations as better technology can provide more data in less time than ever before.
Continue reading "Does Your Organization's Information Architecture Support Effective Reporting?" »
organizations understand that preventing computer fraud is an important
technology initiative and have instituted programs to recognize and prevent
fraudulent activity. However, when preventive measures fail and computer fraud
does occur, very few organizations have a plan to address and respond to the fraud
issue of preventing and responding to computer fraud is among the top ten
technology initiatives, according to the AICPA's
2013 North America Top Technology Initiatives Survey, which ranks
preventing and responding to computer fraud at number
six out of ten for U.S. organizations and at number nine out of ten for
Continue reading "Preventing vs. Responding to Computer Fraud" »