Voyage into the digital universe: are CAs ready to meet the challenges posed by the new electronic frontier?

Article Abstract:

The radical innovations in information technology make it easier for accountants to satisfy the demands of their clients at less expensive costs. A host of businesses has already started exploiting the many benefits of the new information technology to boost their competitiveness. Unfortunately, there are still accounting organizations that have failed to realize the advantages of this new technology. They should abandon their old mindset and embrace new ones by harnessing the powers of information technology to ensure their competitiveness in the future.

Equipment and supplies, Cover Story

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The information index

Article Abstract:

The accounting profession is not making an active effort to take advantage of information technology (IT). A survey of 30 Canadian accounting firms was conducted in 1995 to explore the attitudes, beliefs and opinions of chartered accountants regarding IT. Results suggest that the profession in general is not IT-oriented and that accountants generally lack IT skills. Majority of the respondents claim that the profession should help accountants position themselves as IT experts. Recommendations for accounting bodies to help achieve this goal are offered.

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Reviews redux

Article Abstract:

Surveys on the views of chartered accountants on review engagements were conducted in 1988 and 1993. The views expressed by accountants in both surveys generally remained the same. However, the 1993 survey indicated that a growing number of accountants were more supportive about the establishment of benchmarks for review engagements. Moreover, they appeared to be moving towards the use of risk-based approaches for review engagements. Other significant implications of the two surveys are discussed.

Accounting

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