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October 9, 2012
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  Top Story 
  • How CPA firms can manage cybersecurity risk: Security in mobile and cloud computing was the most-discussed topic at the AICPA Practitioners Symposium and TECH+ Conference. Firms can manage risk in employees using personal devices for work by requiring a lock code, that all work data be encrypted and that employees sign an agreement authorizing the company to remotely erase files on any lost or stolen device with access to the organization's network. With cloud computing, firms should check whether vendors will store data at a Tier 1 data center, the type of encryption used and whether anyone working for the vendor will have access to the data. Journal of Accountancy (8/2012) LinkedInFacebookTwitterEmail this Story
8 Critical Questions to Consider with SaaS Vendors
SaaS (Software as a Service) vendors should take significant steps to ensure client data security. Learn about maintaining compliance, safeguards to look for and identifying 3rd party entities that test, certify, and audit SaaS solutions by downloading this free whitepaper.
  Financial Focus 
 
  • Will Amazon own the cloud?
    Amazon has not only changed the faces of retail and publishing, but it also is leading the way when it comes to moving computing to the cloud. Startups including Climate and Cue use Amazon's cloud-computing services to perform massive tasks that would have been impossible a few years ago. The New York Times (tiered subscription model) (8/27) LinkedInFacebookTwitterEmail this Story
  • Gartner: Major growth ahead in cloud computing sector
    Research firm Gartner predicts a 20% increase in the cloud computing market this year, with the market hitting $109 billion in 2012 and $206.6 billion by 2016. Top drivers of the market will be business-process-as-a-service and software-as-a-service with infrastructure-as-a-service not far behind. In Australia, public cloud market growth is projected to be 18.8% this year over last year, despite legislative challenges. Network World (9/18), ZDNet (Australia) (9/19) LinkedInFacebookTwitterEmail this Story
  • Cloud computing services are becoming a commodity: As cloud computing goes mainstream, more providers are entering the market and driving down prices. The excess capacity means lower costs for customers as well as opportunities for providers to offer more cloud services, such as security, disaster recovery and data management. CIO.com (8/27) LinkedInFacebookTwitterEmail this Story
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  A&A Report 
  Tax Spotlight 
  • CFOs need to watch out for cloud computing tax rules
    Chief financial officers need to be involved in discussions with IT about cloud computing to make sure the tax department is prepared for any challenges associated with doing business in the cloud. Fifty-two percent of senior corporate tax officials are not regularly involved in such discussions, a KPMG survey found. CFO.com (9/20) LinkedInFacebookTwitterEmail this Story
  International View 
  Leadership & Trends 
  • Not all companies understand benefits of cloud computing
    Small companies have more and higher-quality options for moving processes to the cloud, but resistance to such a move persists. "The biggest barriers are reluctance to change and the fear of the unknown as it relates to the cloud," said John Higgins, co-author of "10 Steps to a Digital Practice in the Cloud: New Levels of CPA Firm Workflow Efficiency." AccountingWEB (9/7) LinkedInFacebookTwitterEmail this Story
  • Cloud computing protects firms against natural disasters
    Cloud computing not only offers better security than an on-premise or paper-based office, but it also provides excellent back-up in case of natural disaster. To bolster this back-up protection, use laptop computers, have a pre-arranged virtual meeting spot for employees and use automated online back-ups. AccountingWEB (9/7) LinkedInFacebookTwitterEmail this Story
  • Other News
  Poll 
  • Cloud computing applications can run the gamut from consumer to professional grade cloud solutions, like outsourced accounting solutions and bill management applications. Which do you use?
Only use consumer cloud solutions
Use both consumer and professional grade cloud solutions
Only use professional grade cloud solutions
Don't use consumer or professional grade cloud solutions

  AICPA News 
  • Register today: Most digitally transforming event happens Oct. 28-30
      
    Learn how to profitably provide value-add business process outsourcing and outsourced CFO services including bill management, financial reporting analysis, cash flow management, payroll services and more via a cloud based platform. Hear from tax practitioners who have realized significant benefits through workflow management and tax document automation solutions at their firms. Digital CPA-2012 CPA2Biz Cloud User Conference, to be held Oct. 28 to Oct. 30 in Washington, D.C., is brought to you by the AICPA and our strategic business solutions partners. This conference will help you embrace cloud technology as a strategic opportunity to start or evolve your client accounting services, tax and audit practice into a digital firm of today. You'll learn the latest practice development strategies, and get intensive hands-on training you can put to use immediately, including how to implement, price, package, market and staff your new cloud-based accounting services. Register today. LinkedInFacebookTwitterEmail this Story

  • Free online resources to build a successful cloud-based accounting service line
    Through our AICPA Trusted Business Advisor℠ Solutions Program, we offer a wealth of free resources to help progressive firms create new profit centers and build out their cloud-based accounting services line. Visit cpa.com for free webinars, case studies, white papers and more. Be sure to download the case study with Steve Chaney, CPA, on how his firm grew a not-for-profit niche accounting services practice and doubled its revenue within two years of moving its practice to a cloud-based accounting platform. Also download McGladrey's case study on how the firm's recommendation to implement a cloud-based business process outsourcing solution helped its restaurant client significantly grow their business. LinkedInFacebookTwitterEmail this Story
  SmartQuote 
The passionless cannot change history."
--Czeslaw Milosz,
Nobel Prize winner


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The American Institute of Certified Public Accountants is the world’s largest association representing the accounting profession, with nearly 386,000 members in 128 countries and a 125 year heritage of serving the public interest. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination and offers specialty credentials for CPAs who concentrate on personal financial planning; fraud and forensics; business valuation; and information technology. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation to elevate management accounting globally.

 
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