10 tech mega-trends changing the way you’ll do business

… in a new world of connectivity.

by rick telberg

as technology reshapes the world, accounting firms and finance executives must aggressively reshape their business strategies and their own corporate hierarchies, according to a new manifesto from leading thinkers at mckinsey & company.

given mckinsey’s “reach and influence in the senior executive community” (as even a competing gartner analyst admits), finance and accounting professionals need to know the firm’s new list of “10 tech-enabled business trends to watch.” pay attention: your boss or your client (or both) could quiz you about any or all of these hot topics.

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five tips for smooth tax workflow management

going paperless: “best decision i ever made.”

by mark pricco
mark pricco, cpa, is the owner of x-tax, a lansing, mi, tax preparation businesses, and the founder and president of atom software, a tax office management system.

for many cpas converting to paperless is an exercise in procrastination: “someday.” well, the growing trend to conversion has made many, including myself, face that “someday.” as a matter of fact, the cpa tech savvy survey of 2010 just cited paperless as the leading technology issues cpas are most interested in!

after two years of running three offices through a single paperless management software, i am here to say that the process is less painful than anticipated, and has reaped many rewards: more time to be a cpa and less time acting as an office manager, as well as terrific cost and time saving benefits.

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comments: ‘change is coming’ to internal audit

can no longer be passive.

joel c. font, cisa, author of today’s audit journal, comments on the scary new outlook for internal audit:

my view is that the role of internal audit will evolve away from the passivity that now characterizes it. not because the internal auditors are leading the charge, but because the politicians in washington and the crooks in wall street will force it on those who hire us. the politicians with their simple minded populism, and the crooks with the audacity of their schemes, which can not be hidden anymore in today’s hyper media environment.

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