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- W2993071075 abstract "hard to find traditions in the American Institute of CPAs Information technology committees, issues change too quickly. However, one institution is the annual vote among members of these IT committees, and other invitees, for the top technologies for the upcoming year. Number-one this year is security. E. C. Johnson, Jr., a member of the information technology executive committee (ITEC) and the event's facilitator, says this was actually a multiple issue: Various communications technologies, also on the list, an have security issues, and they combined to push security to the top. Separately, many of the top items bring with them a number of auditing implications as well, as paper trails disappear. Apart from the resulting list, the high-tech method the participants used to choose the top 10 technologies is as interesting as the technologies themselves. For your consideration in 1997 The 10 chosen this year are as follows. 1 Security issues. Security is actually a wide range of issues covering items as familiar as the passwords on cash cards and as sophisticated as encryption standard, a technique that creates an unbreakable network transmission code with more than 72 quadrillion combinations. Another key subtopic is the digital signature, which allows the recipient of an e-mail message to authenticate the sender. security technologies are coming of age with the Internet, said Johnson. It's not just businesses but their customers who want to be sure the Internet is secure before doing business on it. Johnson said we might all someday have digital ID cards to identify ourselves in cyberspace. As security becomes better and more efficient. businesses - and CPAs - will have more online opportunities. 2 Image processing. A longtime item on the list, this is the process of scanning paper documents and turning them into electronic documents, leading to the much-discussed paperless office. Documents stored on disks are easier to sort and search through. However, there are both accounting and technology roadblocks. The loss of the paper trail carries serious auditing implications (The Implications of Electronic Evidence). And character recognition, although getting better, is not perfect: Even many small offices have scanners, and anyone who has used one knows that results are rarely 100% accurate. Intelligent character recognition -- the ability to recognize handwritten characters -- is a developing technology. 3 General communications technology. Many technologies are affecting the way data and voice are transmitted. These include common ones such as wireless networks as well as satellite communications. General communications technology affects, and is affected by, security issues. 4 The Internet and public online services. CPAs and many companies already are using the World Wide Web for marketing and delivery of services. (The AICPA itself is online at http://ww,,vaicpa.org.) Organizations, companies and individuals have established discussion groups (similar to the Accountants Forum, for example, but accessible to everyone). The Internet is dissolving boundaries between states and countries, leading to hotly debated regulation issues. 5 Training and technology competency. Only 30% of a company's investment in IT should be in hardware and software; the other 70% should be in training and implementation, said Gary Boomer, chairman of ITEC (A World-wide Call for Technology Training, JofA, Dec. 96). As CPAs, both in the United States and around the world, become more technologically sophisticated, more consulting engagements open up and more complex audit issues can be resolved, for example. 6 The year 2000. Historically, many computers were designed with two-byte year fields, which means that the year 00 could be interpreted as the year 1900. Now, as the year 2000 approaches, any calculation that involves comparing dates (for example, financial calculations dealing with aging such as mortgages, pensions, aging of receivables) will be incorrect. …" @default.
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- W2993071075 date "1997-02-01" @default.
- W2993071075 modified "2023-09-26" @default.
- W2993071075 title "The IT Committees' Top 10 List" @default.
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