2011 Top Technology Questions 


    The survey asked CPAs to identify the top technology questions asked by audit committees, chief financial officers and chief information officers. Below are the complete list of questions:


    2011 Top Technology Questions

    1.

    Is our information security policy adequate?  

    2.

     Are we ensuring that our data and technology resources are protected against hacking, viruses, or other compromises?

    3.

     Are our current internal controls and IT governance policies and procedures effective?

    4.

     How can we best implement document retention and e-discovery policies?

    5.

    Can our data remain safe if we utilize cloud computing/Software as a Service (SaaS) services?

    6.

     Are we receiving the most relevant and current information from our reporting functions (business intelligence, dashboards, etc.) or are there areas for improvement?

    7.

    Should we refresh our core and financial accounting software to leverage technology efficiencies every few years?

    8.

     Have we implemented a sound/appropriate privacy policies and procedures within the organization and for our customers?

    9.

     How can we best align IT investment to our three and five year business plan?

    10.

    What is the biggest/most important technology investment that has not been made?

    11.

    How does the CFO know his/her IT organization is effectively managing risks?

    12.

     How do I know that my IT vendor is safe?

    13.

    Are we considering/ implementing organizational security precautions even though we haven’t had a data breach or loss?

    14.

     Can we deliver on our service and product promises to our customers if we 
     utilize cloud computing/ Software as a Service (SaaS) services?

    15.

     How do I know that I can trust my IT vendor?

    16.

    Are we appropriately considering the IT risks associated with the organization in  
     initial planning of any audit or attest engagement?

    17.

    Are we capturing the appropriate control objectives during the initial planning of any audit or attest engagement to address the IT risks associated with the organization?

    18.

    How do we make best use of forensic technology?

    19.

    Do I need a CIO/CTO?




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