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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?
The true test of one’s character is the decision made when no one is looking over your shoulder. Learn how CPAs can uphold ethical standards and take actions that help limit liability risk.
