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CPAs vital to clients’ digital innovation: AICPA

The majority US CPA's have embraced the 'cloud' and think they are vital to clients' digital innovation, an American Institute of Certified Public Accountants (AICPA) survey has revealed.

The results of the survey, which polled 624 members of the institute, were issued during its recent conference Digital CPA: 2012, hosted by its technology subsidiary CPA2BIZ.

According to the survey, 11% of CPA firms already operate completely in the cloud and have a strong incentive for getting their clients to use digital technologies while one-third of accounting firms use cloud solutions in some parts of their practice.

The survey also found the biggest benefits of cloud adoption is "the ability of work virtually or expand beyond current geographic" and not having to worry "about software updates", while security concerns and change management are considered as barriers.

CPA2BIZ president and chief executive officer Erik Asgeirsson said cloud solutions were "powerful technologies" for Small-and Medium-sized Entities. These businesses would need "a tech-savvy business advisor" and "CPAs are uniquely qualified to fill that role", Asgeirsson stated.

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