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Are Firms Plugged In?
Investment in Technology Spending as percentage of annual gross fees Hardware/software alone – – – – – – – – – – – – – – – 2% Hidden costs (For example, training, installation, maintenance) – – – 5%
Portable Technology Firms with one laptop for every 10 or more desktop systems – – – – 62%
Technology Training Firms giving staff each year 8 hours or less – – – 50% 8 to 23 hours – – – – 38%
Old vs. New Using DOS – – – – 27% Using Windows (Some firms use both) – – – 88%
Using the Internet Access for every staff member – – – 19% No access at all – – – 16%
Anecdotal evidence about CPA firms’ commitment to technology is plentiful. But what are these firms actually doing?
Are you ready for the AI revolution in accounting? This JofA Technology Q&A article explores the top risks CPAs face—from hallucinations to deepfakes—and ways to mitigate them.
