Audit Firms Nervous about New Tech

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A “speed revolution” is on the way. Are you ready?

By CPA Trendlines Research

“Progressive technology” is about to boom.

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But are audit firms on the cusp of the boom-to-be? Apparently not. A Thomson Reuters survey of audit firms finds that there’s still a big gap between ambition and execution. Only 14 percent of auditors in the U.S. can brag that a “digital transformation” is well under way at their firms, though another 35 percent say they are starting to implement progressive tech.
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The Big Gap Separating CFOs and Their Staff Accountants

Finance staffers are essential to making progress. So why do so many companies leave them out of the loop?

By CPA Trendlines Research

Corporate CFOs are 2.2 times more likely than staff accountants to understand their companies’ plans for financial transformation, according to new research exposing a significant gap in the future of digital tools, the need for greater staff accountant education, and the lack of a unified vision within organizations.

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