The AICPA top technologies task force releases its annual ranking of noteworthy issues ( ), putting business and financial reporting at the head of its list. Training and technology competency placed second. With information and security controls in third position, the ranking clearly reflects the effects of Enron’s fall and the September 11 terrorist attacks.

An Information Technology Alliance study ( ) reports that a formerly lucrative practice niche—providing technology consulting services to middle-market businesses—encountered a serious revenue decline in 2001. Sixty percent of the 47 member firms surveyed experienced flat or lower revenue, while 22% didn’t even turn a profit.


6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.


How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.