SURVEY: Hidden Risks in Document Retention Practices

Trend Watch: More than six in 10 firms failing to follow smart, safe document retention practices.

Q: Does your firm have a document retention policy for purging digital files?

Survey results
Source: Accounting Firm Operations and Technology Survey

 

More Accounting Firm Operations and Technology Survey: How Savvy CPAs Use the AFOT Survey to Make Smarter Business Decisions | Keep Pace First, Change Will Come (Like It or Not) | You’re Not Tech-Savvy If You’re Not Cyber-Safe, Too | Lions and Tigers and Blockchain and Bots, Oh My!
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SURVEY: Accountants Shaky on Email Archive Policies

Trend Watch: Too few firms have clear email archival strategies.

 

Q: What is your firm's PRIMARY email archiving practice; where do you archive messages?

Survey responses
Source: Accounting Firm Operations and Technology Survey

More Accounting Firm Operations and Technology Survey: How Savvy CPAs Use the AFOT Survey to Make Smarter Business Decisions | Keep Pace First, Change Will Come (Like It or Not) | You’re Not Tech-Savvy If You’re Not Cyber-Safe, Too | Lions and Tigers and Blockchain and Bots, Oh My!
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Soloists Lead Profession in Mobile Tech

But most firms still keep their accountants desk-bound.

49 percent of solo CPAs work 11 percent or more time from a location other than their office. <a href="https://store.cpatrendlines.com/shop/afot/">Source: Accounting Firm Operations and Technology Survey</a>
49 percent of solo CPAs work 11 percent or more time from a location other than their office. Accounting Firm Operations and Technology Survey

By Randy Johnston and Leslie Garrett
Accounting Firm Operations and Technology Survey

Despite the increasing availability of cloud technology and mobile apps that ensure you can be instantly transported into your familiar desktop workspace while working remotely, accountants are still not working from everywhere, according to the 4th Annual Accounting Firm Operations and Technology Survey.

MORE SURVEY RESULTS: How Savvy CPAs Use the AFOT Survey to Make Smarter Business Decisions | Keep Pace First, Change Will Come (Like It or Not) | You’re Not Tech-Savvy If You’re Not Cyber-Safe, Too | Lions and Tigers and Blockchain and Bots, Oh My!
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Keep Pace First, Change Will Come (Like It or Not)

Man scratching head while standing at crossroadsBuckle up, buttercup, but remember the choices are yours.

By Seth Fineberg
Accounting Firm Operations and Technology Survey

If you’ve been paying attention, albeit sporadically, you’ve gleaned that the accounting profession as a whole – much like small businesses in general – is at a crossroads.

MORE FROM AFOTS: You’re Not Tech-Savvy If You’re Not Cyber-Safe, Too | Lions and Tigers and Blockchain and Bots, Oh My!
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You’re Not Tech-Savvy If You’re Not Cyber-Safe, Too

Digital padlocks illustrationSecurity must be both a priority and a habit.

By Ranica Arrowsmith
Accounting Firm Operations and Technology Survey

As the profession faces a future filled with the promises of artificial intelligence, machine learning and ever-increasing automation, it’s easy to forget a key point: Without security, technology can come back to bite you.

MORE FROM AFOTS: Lions and Tigers and Blockchain and Bots, Oh My!

 

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Lions and Tigers, Blockchain and Bots, Oh My!

Digital computer blockchain illustrationExpect more drudgery to be automated.

By Bob Scott

Many accounting professionals are still grappling with mobile devices, social media and cloud computing. But the Next Big Things are already being hyped and debated.

And even though they will take years to move into the practical realm for practitioners, it’s time to at least learn the buzz words and understand the concepts because these technologies have the potential for as much change and disruption as we’ve seen in the things we are still trying to understand during the current century.
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4th Annual Accounting Firm Operations and Technology Survey Results and Survey Book Published

Garrett, left. Johnston, right

Randy Johnston, President, Network Management Group, Inc., Leslie Garrett, PhD, CEO of Insight Research Group announce the release of the 4th Annual Accounting Firm Operations and Technology (AFOT) Survey results and survey book.

The 4th Annual AFOT Survey results book features the past three years of survey data, trend lines, thought-leadership from accounting channel leaders and consultative insight. “I continue to be amazed that I learn something from every version of our survey. The 4th Annual Accounting Firm Operations and Technology Survey provided insights about CPA firm strategies that I have not seen anywhere else. It is clear that this measure of technologies in use in the practice of accounting provides leading indicators of changes to come in the profession and the technologies used to solve client and firm problems. My only hope is that more and more firms would participate to benefit from the receiving the results for free as a benefit of participating,” said Johnston.

“We designed our survey results book to clearly display survey results and trend lines, making it easier to glance at the data and quickly assess the information or opt to dive deeper into the state of many facets of the profession. We also segment and present the data by size of firm to aid partners, shareholders, owners and IT professionals working in tax, accounting, and bookkeeping firms benchmark their operation,” said Garrett.

Learn more about the 4th Annual AFOT Survey here: https://store.cpatrendlines.com/shop/afot/

Key facts about the Accounting Firm Operations and Technology Survey:

  • Although there are many good surveys, there is not another independent survey that has this level of complete information about the technology U.S. tax, accounting, and bookkeeping professionals are using in their practices.
  • The intent of this survey is to discover valid, factual actionable information and to deliver a resource that provides trend lines and consultative content based on precise results of multiple years of data gathered using this survey instrument
  • Multiple years of data presented in an understandable way using charts and tables that reveal trends as they are developing.