survey: cpa firms’ top archiving apps
80% use a firmwide document management program for archival of all final tax returns, financial reports, and firm correspondence.
technology
survey: are you still writing paper checks?
almost half have gone digital. what’s stopping you?
survey: the trouble that lurks in old files
does your firm have an electronic document destruction procedure to ensure deletion of outdated electronic files on the network?
survey: no consensus on intranet tools
does your firm utilize an intranet to store firmwide information?
survey: when clients supply digital audit docs
do your auditors receive the majority of source documents from clients digitally before the start of an audit?
by roman h. kepczyk
quantum of paperless
report monthly on tech kpis
what are your core initiatives?
by roman h. kepczyk
quantum of paperless
most firms have a line partner or firm administrator overseeing the firm’s information technology department.
more: firm security needs an independent review | survey: digital audit confirmations not the norm | survey: the best way to handle crm | portals, encryption vital to securing client documents | survey: fewer field auditors carry scanners
exclusively for pro members. log in here or 2022世界杯足球排名 today.
these personnel may have an interest in information technology, but their primary responsibility often lies in other production areas. they need a way to efficiently oversee the firm’s it initiatives and report to management.
read more →
firm security needs an independent review
who needs cybersecurity training? your whole staff.
by roman h. kepczyk
quantum of paperless
going “paperless” means that all firm files and client data will be digitally stored on the firm’s network, which is almost always accessible to firm personnel via internal workstations and remotely via the internet.
more: survey: digital audit confirmations not the norm | training that works | survey: 61% of auditors commonly use data extraction tools | survey: firms divided on esignatures
the firm has a fiduciary responsibility to protect this data from anyone not specifically authorized to view it. proper security is very difficult for any internal network administrator to guarantee as few have the experience and have participated in ongoing training to implement security settings optimally the first time.
read more →
survey: digital audit confirmations not the norm
do your auditors utilize digital confirmations?
training that works
remember to ask personnel for their input, too.
by roman h. kepczyk
quantum of paperless
for many firms, the ability to identify, standardize and implement best practices is the last remaining competitive advantage in business today as communications tools and access to technology have become available to everyone.
more: survey: 61% of auditors commonly use data extraction tools | standardize your firm’s quickbooks support | make your accounts payable digital | survey: 62% of field auditors use multiple monitors | enter t&e daily | survey: firms divided on esignatures | survey: 53% of firms deliver tax returns digitally
to take advantage of the continuous stream of innovation and opportunities, firms must adopt a “learning culture.” this requires a formal process to capture and standardize best practices in every department within the firm so that every person can take advantage of them.
read more →
survey: auditors rely on excel for scheduling
doc.it is the favored alternative.
survey: the best way to handle crm
everyone entering their own info? not the best choice.
by roman h. kepczyk
quantum of paperless
survey: 61% of auditors commonly use data extraction tools
excel tops the list.
by roman h. kepczyk
quantum of paperless
standardize your firm’s quickbooks support
plus a way to make it more cost-effective.
by roman h. kepczyk
quantum of paperless
in the united states, quickbooks is by far the most dominant small business accounting product on the market and will be the application that the majority of the firm’s clients use. therefore, it is obvious that the firm must become proficient with supporting quickbooks.
more: portals, encryption vital to securing client documents | survey: cch tops audit solutions | remote deposit saves 130 hours per year | survey: 76% of auditors rely heavily on remote access | digital swap stems ‘overauditing’ | survey: vertical monitors not the norm yet
unfortunately, one of the biggest wastes of time is when firms support too many older versions of the software, which often leads to incompatibilities that can corrupt the database and make it unusable for clients. fixing these errors creates lost time that is seldom charged to clients and instead impacts the profitability on these jobs.
read more →