This year, there will be a new monthly CITP Q&A in IMTA News, highlighting CITPs across the country who utilize their unique ability to bridge the gap between business and technology to better serve their clients or organizations. Our first CITP profile spotlights Troy Fine, CPA, CITP, CISA.
January IMTA CITP Spotlight Q&A
Member: Troy Fine, CPA, CITP, CISA
Hometown: Pittsburgh, PA
Troy currently serves as a managing consultant for A-LIGN. In his role, he helps businesses across a variety of industries navigate the scope and complexity of their specific audit and security assessment needs. He manages the execution of SOC 1 and SOC 2 examinations and PCI-DSS and HIPAA assessments to ensure that professional and quality standards are met. Troy also mentors staff on industry and professional standards, audit methodology and client service skills.
IMTA: How have you used technology to assist you in completing your day-to-day responsibilities more efficiently?
Troy: At A-LIGN we have a “virtual” work environment. This means that we have consultants located in various locations throughout the U.S. In order to sufficiently manage staff and engagements, the right type of technology must be in place. We use cloud-based solutions for managing staff schedules, for tracking prospective clients and for managing the transfer of evidence that is provided to us by clients in support of their internal controls. A-LIGN has developed a proprietary document exchange software to assist clients with managing their multiple information security compliance objectives. I provide feedback and input into the development and testing of the application.
IMTA: What role do you see technology playing in accounting services in the next 10 years?
Troy: As the prevalence of Big Data continues to integrate itself into the accounting profession, the use of technologies dealing with the analysis of this data will continue to increase. Auditors will want to perform analysis on large sets of data in order to provide their clients with insights into how business processes are affecting their bottom line. In addition, continuous auditing will gain momentum and will play a more important role in the accounting profession. Auditors and organizations will implement technologies that are configured to alert key personnel when suspicious or unusual activity is performed. Near real-time alerting will enable auditors and organizations to investigate issues and to implement corrective actions in a timelier manner. Lastly, as organizations continue to look for ways to defend themselves against cyber criminals, they undoubtedly will look for their CPA firms to be their trusted advisers when it comes to implementing cybersecurity initiatives.
IMTA: How do you think possessing the skills of a CITP credential holder will better equip you to handle the ever-changing world of technology and accounting as the two begin to collide?
Troy: Possessing the skills of a CITP credential holder enables me to recognize how information technology can be used as the catalyst for change, allowing clients to reach new levels of success. I am able to apply my business knowledge and experience, ensuring that clients are realizing a return on their investments in IT projects. In addition, current and prospective clients will view me as a trusted adviser when it comes to implementing solutions that minimize their IT risks. Possessing the skills of CITP credential holder will better position me for this, as I will able to communicate to clients how the benefits of new technologies will translate into measurable bottom-line improvements and more efficient core processes.
IMTA: Why did you decide to become a CITP?
Troy: I became a CITP because the CITP credential demonstrates to current and prospective clients that I have the ability to assess how their information technology risks affect their core business processes and how those risks, ultimately, affect their bottom line. The CITP credential enables me to further differentiate myself as leader and expert in the marketplace, since CITPs must have a CPA license and have significant experience with performing information management and technology assurance services. Becoming a CITP has also provided me with access to a community in which I can share, debate, network and communicate with other CITPs and business and technology experts. One such group that I am fortunate to be involved with is the AICPA’s CITP Champions Group. The CITP Champions Group has provided me with a networking forum that allows me to collaborate with CITPs from across the nation on a regular basis. The group enables me to contribute to the accounting profession by allowing me to present my thoughts and opinions on crucial AICPA initiatives dealing with information management and technology assurance.
IMTA: Who would you recommend to get the CITP credential and why?
Troy: I would recommend anyone with a CPA license who would like to be recognized as an information management and technology assurance expert and leader. I would also recommend CPAs who are currently performing information security assurance services such as SOC 1, 2 and 3 engagements and CPAs who have a strong desire for providing information technology assurance service and who possess the ability to translate how the benefits of technology can improve an organization’s bottom line and create process efficiencies.
For more information about the CITP credential, please visit the CITP Credential Overview page.
The AICPA has a new Standing Ovation Recognition program. It’s aimed to recognize CPAs age 40 or younger in information management and technology assurance who exhibit exemplary professional achievement. Partners or managers can nominate these visionary leaders or applicants can self-nominate with an accompanying letter of recommendation. For additional information about the recognition program, visit the IMTA Standing Ovation Recognition Program page.