Report: Managing and Retaining Data Tops 2013 Technology Priorities for Accounting Firms

A recent survey from the American Institute of CPAs (AICPA) and Chartered Professional Accountants of Canada (CPA Canada) shows that managing and retaining data tops the list of technology priorities for North American accounting firms.

Lately we’ve seen exponential increases in both the volume and the complexity of information in the accounting industry.  As volume and complexity increase, so does the risk involved in managing and retaining your data.  This also increases the importance of developing and implementing strategic plans and policies for your organization’s data use, data management, and data retention.

The report from AICPA and CPA Canada separated their technology initiatives survey by nation. Below you can see the technology priorities for both the United States and Canada, respectively.

United States

1. Managing and retaining data
2. Securing the IT environment
3. Managing IT risks and compliance
4. Ensuring privacy
5. Managing system implementation
6. Preventing and responding to computer fraud
7. Enabling decision support and analytics
8. Governing and managing IT investment and spending
9. Leveraging emerging technologies
10. Managing vendors and service providers

Canada

1. Managing and retaining data
2. Securing the IT environment
3. Enabling decision support and analytics
4. Managing IT risks and compliance
5. Governing and managing IT investment and spending
6. Ensuring privacy
7. Managing system implementation
8. Leveraging emerging technologies
9. Preventing and responding to computer fraud
10. Managing vendors and service providers

We’re now almost halfway through the year 2013 – are you on track to successfully tackle your technology priorities by the end of the year?  If you have any doubts, contact us today for a free consultation.  You can trust us to help.